Question

Ms. Schade bought a car with 20% down payment, which was $5,570.00. The rest of the payments of the car she will finance. A .What was the price of the car? B. what is the part of the cost that Ms.Schade will finance? C. Financing the car will add 30% to the cost because of interest. how much money will Ms.Schade actually finance? Show your work.

Answer 1

Add 20% +30% and change that to a decimal and divide that by 5570.00

Answer 2

Down payment times .20 - 27,850 price of the car.
27,850 - down payment = 22,280 financed
22,280 times .30 = 6684. 22280 plus 6684 = 28964 total financed.