Question

Jamie was paying off her car, which cost $23,000. She pays $400 each month after making $5,000 down payment. How many months will she have to make payments?

Answer 1

Answer:

It will take Jamie 45 months to make the payment

Step-by-step explanation:

Let the number of months it will take her to make the payments be x

Then the following equation represents the scenario:

400x + 5000 = 23000

Solving for x

400x = 23000 - 5000

400x = 18000

x = 18000/400

= 45

It will take 45 months to make the payment