Question

Trevon is making payments on a car that costs $26,555. He makes 36 equal payments.If he rounds the equal payments up to the nearest whole dollar, about how much will he overpay after 36 months?

Answer 1

Trevon will overpay around $13

Further explanation:

One time payment will be calculated by dividing the total amount by 36 and then the answer will be rounded off to nearest dollar

So,

Given

$Cost\ of\ car=\ 26555\\Number\ of\ payments=36\\Amount\ of\ one\ payment = \frac{26555}{36}\\=737.64$

One time payment is 737.64. Rounding off to nearest dollar gives us 738.

If 738 is paid 36 times,

$Total\ amount\ paid=36*738=26568$

The amount that will be overpaid is:

$=26568-26555=13$

Trevon will overpay around $13

Keywords: Installments, Profit

Learn more about installments at:

• brainly.com/question/10879401
• brainly.com/question/10940255

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