Multiple choice

An energy efficient tv costs \$500 and saves you \$25 a month, what are the savings for 5 years?

  1. $1500
  2. $500
  3. Will save nothing, because you had to buy the tv

  4. $1000
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The savings are calculated by multiplying the monthly savings (\$25) by the number of months in 5 years (5 * 12 = 60 months). 25 * 60 = 1500, but the initial cost of the TV (\$500) must be subtracted to find the net savings. 1500 - 500 = 1000.