Question

Jayson buys a car and pays by installments. Each installment is $567 per month.

After 48 months, Jayson owes $1,250. What was the total price of the vehicle?

Answer 1

Answer: $28,466

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Step-by-step explanation:

Each installment or payment is $567 per month.

If 48 months go by, then Jayson has paid 48*567 = 27,216 dollars.

If he still owes $1250, then this means he will pay back a total of 27,216+1,250 = 28,466 dollars.