Question

Chan wants to buy a used car that costs $8,500. He took out a loan for the cost of the car, and his payments are $209 per month for four years. At the end of four years, how much more than the car’s original price will he have paid?

Answer 1

$209/1month, x/48, 209*48 (48 because 4 years, 12 months in 1 year)= $10,032, 10,032-8500= $1,532, more than cars original price

Answer 2

Multiply 209 by 12 to find one year which is 2508
Multiply 2508 by 4 to find 4 years which is 10032
Subtract 8500 from 10032 which is 1532
So he paid 1532 more than the cars original price
I hope thats understandable!