The price of the car is $ 14700.
Step-by-step explanation:
Given,
The amount of down payment = $ 1500
He will pay $ 275 for 4 years monthly.
To find the price of the car.
1 year = 12 months
4 years = 48 months
He will pay 48 months.
The payment will be = $ 275×48 = $ 13200
Hence,
The price of the car = $ 13200+1500 = $ 14700
