Question

Delia takes out a loan to buy a car for $18,000 with an interest rate of 6.5%. The amount of interest Delia will have to pay is $4,680. Write and solve an equation to determine the number of months her loan is for. Show all of your work and explain how you got your number of months.

Answer 1

Delia pays $4,680 in 4 months

Explanation:

Equation:

18,000 * 6.5% = 1170

4680 ÷ 4 = 1170

So, the answer is 4 months this is the equation.

Hope this helps! :)