Question

Kyle made a down payment of $850 towards his car loan. He will be paying $415 every month for 24 months. How Much does the car cost in total?

Answer 1

Down payment = $850
Monthly payment = $415
Loan term = 24 months
First, ($415)(24) = $9,960
Second, ($850+$9,960) = $10,810
The total car costs $10,810

Answer 2

Answer:

The car costs $10810 in total.

Explanation:

We know that Kyle made down a payment of $850, and that he paid $415 every month for 24 months. We have to calculate the total cost of the car.

First we are going to calculate how much Kyle paid in 24 months, for each month he paid $415, then we have to multiply 24 by 415:

$24*415=9960$

He paid $9960 in total, but we know that he made down a payment of $850, then the total cost of the car was:

$T=9960+850=10810$

The car costs $10810