Price.

9. A car dealership offers a loan with 4% interest for 48 months, and you plan to purchase a car for $20,000. You can afford a d

Lady bird [3.3K]

SOLUTION

Since you can afford a down payment of $2,500, the remaining money needed to purchase the car becomes

$\begin{gathered} 20,000-2,500 \\ =17,500 \end{gathered}$

Now, we will find the simple interest on $17,500 for 48 months, which is 4 years. This becomes

$\begin{gathered} I=\frac{PRT}{100} \\ I=\frac{17,500\times4\times4}{100} \\ I=2,800\text{ dollars } \end{gathered}$

(a) What will your monthly payment be? $

We will add this interest to the $17,500 and divide by 48 months to get the monthly payment. This becomes

$\begin{gathered} 17,500+2,800=20,300 \\ \frac{20,300}{48}=422.91666 \\ =422.92 \end{gathered}$

Hence, the answer is $422.92

(b) How much will you pay in total for the car? $

To get this, we add the $20,300 (that we divided by 48 months), to the initial down payment made. This becomes

$\begin{gathered} 20,300+2500 \\ =22,800 \end{gathered}$

Hence, the answer is $22,800

(c) How much will you pay in interest over the life of the loan? $

We have initially found the interest as 2,800 dollars.

Hence the answer is $2,800

4 0

1 year ago

Help plz???? I need help with math

tekilochka [14]

Surface area is the area of the faces added together.

First lets find the area of one of the triangles.

Area of triangle is 1/2*base*hight

Area=1/2*2*3= 3

Area of ONE tringle is 3, and area of the FOUR tringles is 4*3 whihc is 12

Now lets find area of square

area of square is side*side

So, area is 2*2 which is 4

Now lets add area of triangles+area of square

12+4 which 16

Surface area is 16

6 0

2 years ago

What do you know about distance? math

serg [7]

Answer: Mathematical distance is defined as the amount of space between two points. This distance can be calculated using the distance formula, which is just a derivation of the Pythagorean theorem, which is used to find the length of any one side of a right triangle when you know the other two sides

Step-by-step explanation:

4 0

2 years ago

How do you solve these?

Vinil7 [7]

For the first one, the answer is -1 1/5

for the second one, the answer is 2.75

for the third one and fourth one,
To divide fractions take the reciprocal (invert the fraction) of the divisor and multiply the dividend. This is the quickest technique for dividing fractions. The top and bottom are being multiplied by the same number and, since that number is the reciprocal of the bottom part, the bottom becomes one

6 0

2 years ago

What was the cost of a ticket to ride the original Ferris wheel

HACTEHA [7]

Answer:

100

Step-by-step explanation:

100 is the correct answer

5 0

2 years ago

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