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Are used car is priced at 2,695. If you borrow the money for the car, your payments will be only $122 a month for 30 months. How much will you save by paying cash? A) $965 B) $1,075 C) $333 D)$233
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Are used car is priced at 2,695. If you borrow the money for the car, your payments will be only $122 a month for 30 months. How much will you save by paying cash?

A) $965
B) $1,075
C) $333
D)$233

User Jetpac
by
6.3k points

1 Answer

5 votes
A. 965 the reason it is A. 122 X 30= 3660 and then you subtract the 3660 - 2.695 and you get the answer 965.00. the 3660 is what you pay total for the car including interest. 
User The Venom
by
6.5k points
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