Question

Ryan made a 3000 down payment on a car the total cost of the car was 7500 he made 36 equal monthly payment to pay the car in full how much did Ryan pay per month

Answer 1

Ryan already paid 3000 so we can subtract that from the total which gives us 4500 and now we divide 4500 by 36 which equals 125 so every month Ryan must pay $125 for 36 months to pay off the car.