Question

Melinda makes monthly car payments of $285 each month. How much will she have paid after 2 years? 5 years?

Answer 1

There are 12 months in a year which will be equal to 285 times 12 = $3420

after 2 years (24 months)... 285 times 24 = $6840

after 5 years (60 months).... 285 times 60 = $17, 100