Michael buys a car and agrees to pay $1,500 up front and $450 month for the next 2 years. Which shows the total amount,y, in dollars that will be paid at the end of x months?

Question

asked May 17, 2021 54.5k views

2 Answers

Sushant Verma · Answer 1 · 2021-05-24T11:35:08+0000

Answer:

Total cost= $12,300

Explanation:

Giving the following information:

Fixed cost= $1,500

Monthly cost= $450

To calculate the total cost, we need to use the following formula:

Total cost= fixed cost + unitary variable cost*x

x= number of units

For 2 years:

Total cost= 1,500 + 450*24

Total cost= $12,300