Question

Michael doesn't have any money saved and he does not want to wait to buy a car. He goes to the dealership and takes out a loan for the $15,000 car. His payments will be $500 per month for 3 years (36 months). How much will Michael pay for his $15,000 car?

Answer 1

Answer:

$18,000

Step-by-step explanation:

500 per month and there’s 36 months, so:

500 * 36 = 18,000