Loisa wants to buy a tablet that costs $450 cash. Since she does not have enough money, the store offered her an installment plan for 12 months. She will pay $100 as a down payment and pay $40 for the first 4 months; then $35 for the next four months; then $30 for the last four months. How much will Loisa save if she will buy the tablet in cash instead of on installment? Give me reasons, before answering the question
User
Loisa will pay a total of $40 x 4 = $160 for the first 4 months. She will pay a total of $35 x 4 = $140 for the next four months. And she will pay a total of $30 x 4 = $120 for the last four months. Thus, she will pay a total of $100 + $160 + $140 + $120 = $520 for 12 months including the down payment. Therefore, Loisa can save $520 - $450 = $70 if she buys the tablet in cash. So the final answer is 70.
Assistant