The total amount of loan payable in 5 years = amortization *60
where:
monthly amortization = $444.89
Total amount of car loan = $26263.4
Remaining balance =15 months x monthly amortization
Remaining car loan balance = $6673.35
Jose needed an amount of $6673.35 to fully pay his five-year car loan.
Answer:
If I am not wrong I think the answer is the last one
Step-by-step explanation:
Answer:
what?
Step-by-step explanation:
Answer:
Step-by-step explanation:
Let's base this on 100%, or 100 cars, which is 100% of the cars. If 1/4 of the 100 cars are sports cars, then we have
25 sports cars and
75 sedans
If 1/5 of the total cars are red, 20 of the 100 cars are red (since 1/5 is 20).
If 1/3 of the sports cars, of which we have 25, are red, then 25/3 of the sports cars are red.
Since we have 20 total red cars and 25/3 of them are sports cars, then the rest of them must be red sedans:
Total red cars - red sports cars = red sedans
which simplifies to
