samtheswimmer08
samtheswimmer08 samtheswimmer08
  • 22-02-2021
  • Mathematics
contestada

A new car loan has monthly payments of $482.75. How much money will be paid on the car loan after 3 years?

Respuesta :

jimthompson5910 jimthompson5910
  • 22-02-2021

Answer:   17,379 dollars

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Work Shown:

1 year = 12 months

3*(1 year) = 3*(12 months) ..... multiply both sides by 3

3 years = 36 months

You'll make 36 payments, each being $482.75, which means the total amount of money paid is 36*482.75 = 17,379 dollars

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