Question

You can purchase a car for $17,240 or lease it for $320 per month with a down payment of $600. How long can you lease the car before the amount of the lease is more than the cost of the car?

Answer 1

Solve the linear equation

320m+600=17,240

where

m is the number of months

solve for m

320m=17,240-600

320m=16,640

m=52 months

therefore

The answer is 52 months