Question

If you make a down payment of $500 to buy a new car and need to pay $575 every month for 24 months, what is the total amount you will be paying for the car?

A. $13,800
B. $14,300
C. $14,575

Answer 1

Option B is correct .i.e., $ 14300

Explanation:

Money Paid in down payment of car = $ 500

Money paid every month = $ 575

No of months payment goes = 24

Total Amount paying for car = 500 + 24 × 575

= 500 + 13800

= $ 14300

Therefore, Option B is correct .i.e., $ 14300

Answer 2

The total amount you will be paying for the car is $14,300. The correct answer between all the choices given is the second choice or letter B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question