ShauntiJa3cque ShauntiJa3cque

07-04-2016
Mathematics

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Ryan made a $3000 down payment on a car. The total cost of the car was $7500. He made 36 equal monthly payments to pay the car in full. How much did Ryan pay per month?

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anonymoussloth anonymoussloth

07-04-2016

Because he made a down payment of $3,000 he gets to subtract it out of the $7,500 that he needs to pay for the car.
$7,500 - $3,000= $4,500
In order to find out the monthly payments you need to devide the $4,500 by the number of payments.
$4,500/36= $125 <------ Answer
$125 =The monthly payments

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