Molly has a $2500 down payment saved for this purchase, and the dealer’s $1500 Cash Allowance will come straight off her total.

Question

3 years ago

10

How much loan does Molly need?

1 answer:

babunello [35] · Answer 1 · 2022-10-16T17:44:57+03:00

8 0

Answer: $\$\ 1000$

Step-by-step explanation:

Given

Molly down payment $=\$\ 2500$

Dealer's allowance $=\$\ 1500$

For loan amount , It is equal to the difference of molly down payment and dealer allowance

loan amount $=2500-1500$

loan amount $=\$\ 1000$

So, Molly needs $\$\ 1000$ loan