Question

Jason buys a car and pays with installments. Each fee is $567 per month. After 48 months, Jason owes $1250. What was the total price of the car?

Answer 1

The total price of the car was $28,466.

Let's denote the total price of the car as P.

Jason pays $567 per month for 48 months, so the total amount he pays in

installments is 567×48.

After 48 months, he still owes $1250.

Therefore, we can set up the equation:

567×48+1250=P

Now, let's calculate the total price of the car:

P=567×48+1250

P=27,216+1250

P=28,466

So, the total price of the car was $28,466.

Answer 2

the total price of the car is $28,898