Question

Susan financed $3,200 of a used automobile. The owner offered two finance plans:

Plan A; Monthly Payments of $148.90 for two years.
Plan B; Monthly Payments of $105.25 for three years.
Which plan will Susan pay the least amount for the used automobile and how much will she save?

Answer 1

Plan A is correct because 148.90x2= 297.80 dollars and 105.25x3= 315.75 dollars.