The amount for the deposit is $25350, monthly payment is $1436.5 and the total amount that Sipho pays is $178492.
Given price of car $169000, deposit of 15%, monthly installments being 1% of left over price and number of years be 9 years.
We have to find the amount of deposit, monthly installments and the total amount paid by Sipho.
We have been told that deposit is 15% of total amount. So the deposit will be 15%*169000=$25350.
Monthly installment is 1% of the left over amount.
left amount=169000-25350=$143650.
Monthly installment being =143650*1/100
=$1436.5
Total amount paid by Sipho=deposit +installment amount * numberof installments
Number of installments=12*9
=108
Total amount=25350+1436.5*108
=25350+155142
=$178492
Hence deposit is $25350, monthly payment being $1436.5, total amount be $178492.
Learn more about installments at brainly.com/question/2151013
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