Question

Jared has taken out a loan for his car his monthly payments amount to $650 if his loan is for 36 months and he paid a down payment of $400 what is the total cost of the card for Jared?

Answer 1

Total cost of car=down payment+monthly payment amount x months of loan

Total cost= 400+ 650 (36)=400+23400=23800

Answer 2

Jared took out a loan for 36 months at $650 per month in addition to the downpayment of $400.

Let t = total cost of the car

t = (650 x 36) + 400

t = 23,400 + 400

t = $23,800

The total price for the car is
$23,800.