Question

Charlie buys a new car with a sticker price of $9,684. For the down payment,he trades in his old car for $1,400. He finances the balance and makes36 monthly car payments of $253. What is the total amount paid for thecar, including interest?

Answer 1

The total amount = 36 x 253 + 1400 = 9108 + 1400 = $10508

Therefore,

the total amount paid with interest $10508