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
1 answer:
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
Conclusion:
Alexia paid an amount of $16,765 for the car.
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