3. James wanted to buy a used car for $6,500. He made a down payment of $1,500 and agreed to pay $155 a month for 4 years. How much interest did he pay?

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Mitesh Shah asked Oct 22, 2023

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3. James wanted to buy a used car for $6,500. He made a down payment of $1,500 and agreed to pay $155 a month for 4 years. How much interest did he pay?

Mathematics
high-school

Mitesh Shah asked Oct 22, 2023

by Mitesh Shah

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6500 - 1500 = 5000
12 months × 4 years = 48 months
155 × 48 = 7440
7440 - 5000 = 2440

answer: $2440

Abg answered Oct 28, 2023

by Abg

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