Question

James put $1,000 down and paid $200 a month for his car. He also put $300 down and pays $50 a month for his phone. If the total cost of the car and the phone is $13,300, how many months will it take him to pay off both?

Answer 1

James will need 48 months to pay off both the car and the phone.

Step-by-step explanation:

To find how many months it will take to pay off both the car and the phone, we need to calculate the total amount James will pay for both items.

For the car, James put $1,000 down and pays $200 a month. So the total cost of the car is $1,000 + ($200 x number of months).

For the phone, James put $300 down and pays $50 a month. So the total cost of the phone is $300 + ($50 x number of months).

The total cost of both items is $13,300. Setting up the equation, we have:

$1,000 + ($200 x number of months) + $300 + ($50 x number of months) = $13,300.

Simplifying the equation, we get: $200 x number of months + $50 x number of months = $13,300 - $1,000 - $300.

Combining like terms, we have: $250 x number of months = $12,000.

Now, we can solve for the number of months by dividing both sides of the equation by $250:

number of months = $12,000 / $250.

Using a calculator, we find that the number of months is 48. Therefore, it will take James 48 months to pay off both the car and the phone.