Question

Jared has taken out a loan for his car. His monthly payments amount to $650. If his loan is for 36 months, and he paid a down payment of $400, what is the total cost of the car for Jared? A. $15,050 B. $23,800 C. $28,300

Answer 1

Answer:

$23800.

Step-by-step explanation:

Monthly payment of loan of a car = $650

His loan is for 36 months

So, Total payment of 36 months = $36 \times 650$

                                                       = $23400$

He paid the down payment of amount $400

So, Total cost of the car = $23400+400$

                                       = $23800$

Hence the total cost of the car for Jared is $23800.

So, Option B is correct.

Answer 2

B! 650 x 36 +400 = 23,800!