Question

an automobile manufacturer is advertising special financing on its autos. a buyer will have a monthly payment of $15.68 for every $1000 borrowed. if clem borrows $14000, find his monthly payment

Answer 1

To solve this you have to first find out how many 1000s are in 14000

There are 14 1000s in 14000 so now you multiply 15.68 by 14

15.68*14=219.52

so the answer is $219.52