Final answer:
Gyro will pay $1,771 more than the actual price of the car after making monthly payments of $260 over 36 months.
Step-by-step explanation:
The question involves calculating the total amount paid over a period and comparing it with the actual price of a car to determine how much more is paid. Gyro bought a car priced at $7,589. He is making monthly payments of $260 for 36 months. To find out how much more than the actual price Gyro will pay, we need to calculate the total amount paid over the 36 months and then subtract the original price of the car from this total.
Total amount paid = Monthly payment × Number of months
Total amount paid = $260 × 36 = $9,360
Excess amount paid = Total amount paid - Actual price
Excess amount paid = $9,360 - $7,589 = $1,771
Therefore, Gyro will pay $1,771 more than the actual price of the car.
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