Question

Diego is buying his

grandfathers car for
$4,850. He puts $2,000
down and will make 24
equal payments to pay off
the car. His grandfather
is not charging interest.
How much will each
payment be?

Answer 1

118.75

Explanation:

he has to pay $4,850 he puts down 2,000

4,850 - 2,000 = 2,850

he makes 24 equal payments

2,850 divided by 24 = 118.75

118.75 go into 2,850 24 times.

Answer 2

$118.75 per payment

Explanation:

4850-2000=2850

2850/24 = 118.75