Question

Molly has a $2500 down payment saved for this purchase, and the dealer’s $1500 Cash Allowance will come straight off her total. How much loan does Molly need?

Answer 1

Answer:
`\$\ 1000`

Explanation:

Given

Molly down payment
`=\$\ 2500`

Dealer's allowance
`=\$\ 1500`

For loan amount , It is equal to the difference of molly down payment and dealer allowance

loan amount
`=2500-1500`

loan amount
`=\$\ 1000`

So, Molly needs
`\$\ 1000` loan