Question

You just found the car of your dreams. It will cost $24,000. You have been saving for a car since 3rd grade and now have $6,000. Your dad will match that with another $6,000 for the car. You will pay a simple interest of 10% on the balance of what you owe after you give the car dealership the money you have between your dad and yourself.

How much money will you still owe?

Answer 1

You will owe 12,000+ entrance

Answer 2

I think the answer is 13,200

Explanation:

6k+6k=12,000 half of the price of the car

.10x12000= 10% interest = 1200 + rest of the balance(12,000)=13,200