Question

Emily's car payments are $125.25 per month for the next four years. What is the total amount that she will pay for her car?

A) $6,012
B) $6,012.50
C) $6,012.75
D) $6,013

Answer 1

Multiply Emily's monthly car payment of $125.25 by 48 months (4 years worth of payments) to find the total cost, which amounts to $6,012. The correct answer is B) $6,012.

Step-by-step explanation:

To calculate the total amount Emily will pay for her car, we multiply her monthly car payments by the number of months she will make those payments. Since there are 12 months in a year, and she will be making payments for four years, we calculate as follows:

Monthly payment: $125.25
Number of months: 4 years × 12 months/year = 48 months
So, total amount paid = Monthly payment × Number of months
Total amount paid = $125.25 × 48
Total amount paid = $6,012

Therefore, the correct answer is B) $6,012.