Question

2. Billie purchased a Jeep for $12,480. Her down payment was $3,600. If she paid the remainder in 48 monthly payments (excluding interest), what would be her monthly payment? (1) $165 (2) $175 (3) $185 (4) $195 (5) $205 ​

Answer 1

(3) $185

Explanation:

12,480 - 3,600 = 8,880

8,880 / 48 = 185