You bought a new car, but don’t remember the original purchase price. The monthly payments are $379.50 for 36 months. The salesperson said the simple interest rate for the period of the loan was 6%. You were also allowed $2500 for your old car. Find the original purchase price of the new car. Plz show me your work so I can know how you got the answer.
I am not trying to cheat or pass anything off, im looking to mae sure I am doing this right, im taking this class online and instruction is limited! This is what I get not sure if I did it right....
379.5 * 36 = 13662
13662 - 6%= 12842.28
12842.28 + 2500=$15342.28
I am not trying to cheat or pass anything off, im looking to mae sure I am doing this right, im taking this class online and instruction is limited! This is what I get not sure if I did it right....
379.5 * 36 = 13662
13662 - 6%= 12842.28
12842.28 + 2500=$15342.28