Question

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

Answer 1

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