Subjects algebra

Car Payment

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1. **State the problem:** We have a car with a sale price of 15200. A 10% discount is offered for paying cash. The car can also be bought by making 24 payments of 755 each. 2. **Calculate the amount of the cash discount:** The discount is 10% of 15200. $$\text{Discount} = 0.10 \times 15200 = 1520$$ 3. **Calculate the cash price of the car:** The cash price is the sale price minus the discount. $$\text{Cash price} = 15200 - 1520 = 13680$$ 4. **Find the cost of the car if the payment plan is used:** The total cost is 24 payments of 755. $$\text{Total cost} = 24 \times 755 = 18120$$ 5. **Calculate how much money would be saved by paying cash:** The savings is the difference between the payment plan cost and the cash price. $$\text{Savings} = 18120 - 13680 = 4440$$ **Final answers:** (a) Discount amount: 1520 (b) Cash price: 13680 (c) Payment plan cost: 18120 (d) Savings by paying cash: 4440