Question

5. A new van is priced at $ 19,500. If the buyer chooses to finance, they will pay $5,000 as a down

payment and $375 per month. After how many months will the buyer have paid more than
$10,000 toward the van?

Answer 1

27

Explanation:

Answer 2

• 14 months

Explanation:

Let the number of months is x.

Set the inequality below:

• 375x + 5000 > 10000
• 375x > 5000
• x > 5000/375
• x > 13.33

The smallest whole number is 14