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3. James wanted to buy a used car for $6,500. He made a down payment of $1,500 and agreed to pay $155 a month for 4 years. How much interest did he pay?​

3. James wanted to buy a used car for $6,500. He made a down payment of $1,500 and agreed to pay $155 a month for 4 years. How much interest did he pay?​
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19 votes
3. James wanted to buy a used car for $6,500. He made a down payment of $1,500 and agreed to pay $155 a month for 4 years. How much interest did he pay?​

asked
User Kanagavelu Sugumar
by
7.5k points

1 Answer

12 votes
6500 - 1500 = 5000
12 months × 4 years = 48 months
155 × 48 = 7440
7440 - 5000 = 2440

answer: $2440
answered
User Hrv
by
8.6k points
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