Sara wants to purchase a new television set. The purchase price is $890. If she purchases the
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Sara wants to purchase a new television set. The purchase price is $890. If she purchases the set today and pays cash, she must take money out of her savings account. Another option is to charge the TV on her credit card, take the set home today, and pay next month. Next month she will have cash and can pay her credit card balance without paying any interest. The simple interest rate on her savings account is 
. How much is she saving by using the credit card instead of taking the money out of her savings account?
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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