A used motorcycle can be purchased for $500 cash or on credit with a $200 down payment plus payments of $70 per month for 5 months. How much would be saved by paying cash?
a. $70 × 5 = $350
b. $350 + $200 = $550
c. $550 - $500 = $50
d. $70 × 5 + $200 = $550
