Question

Finally, suppose you decide not to finance (get a loan for) the car and to

Answer 1

Supposing a cost of $30,000, and using proportions, it is found that you would have to save $1,083.30 each month.

--------------------------

• We suppose a cost of $30,000.

• You already have $4,000 saved.
• 30 - 4 = 26, thus, you would need to save $26,000 in 2 years = 24 months.
• How much per month?

We can solve it using proportions, by the following rule of three:

1 month - $x

24 months - $26,000

Applying cross multiplication:

$24x = 26000$

$x = \frac{26000}{24}$

$x = 1083.3$

You would have to save $1,083.30 each month.

A similar problem is given at brainly.com/question/24112433