Question

Diego is buying his

grandfathers car for
$4,850. He puts
$2,000 down and will
make 24 equal payments
to pay off the car. If
he is not charged
interest, then how much
will each payment be?

Answer 1

Answer: $118.75 per payment

Step-by-step explanation: 4850 - 2000 = 2850 2850/24 = 118.75

Answer 2

Each payment will be $118.75

Explanation:

Since Diego put $2000 down, he is left with $2,850 that needs to be payed equally in 24 payment. Divide 2850 by 24 and you get 118.75.