Question

Jaysonn buys a car and pays by installments. Each installment is $567 per month. After 48 months , Jayson owes $1,250. What was the total price of the vehicle?

Answer 1

Multiply her monthly payment by the number of months she paid so far:

567 x 48 = 27,216 paid so far.

Now add the amount she still owes:

27,216 + 1,250 = $28,466 total price.