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balandron [24]
3 years ago
6

Alexia made a down payment of $1825 on a car, and then paid 36 monthly payments of $415. If the loan had 0% interest, how much d

id Alexia pay for the car?
Mathematics
1 answer:
BaLLatris [955]3 years ago
8 0

General Idea:

Amount of money paid for a loan with 0% interest can be given by the below formula:

Total amount = Down payment + Number of months* Monthly Payment

Applying the concept:

Substituting $1825 for down payment, 36 for number of months and $415 for monthly payment in the formula given above, we get...

Total amount = 1825+36\times 415=1825+14940=16,765

Conclusion:

Alexia paid an amount of $16,765 for the car.

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