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18 April, 15:30

the delivered price of leah st clairs new car is 22450. she makes a 2800 down payment and pays the balance in 36 monthly payments of 612. what total amount did leah pay for the car? how much was the finance charge?

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  1. 18 April, 16:31
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    Total amount paid for the Car=$24,832

    Finance Charge=$2,382

    Step-by-step explanation:

    Down payment on the Car=$2800

    Number of Monthly Installments=36

    Amount Paid Per Installment=$612

    Total Monthly Installment Paid=36*$612=$22032

    Therefore, the Total Amount Paid for the Car=Down Payment+Total Installmental Payment=2800+22032=$24,832

    Next, we determine the finance charge.

    Finance Charge=Total Amount Paid for the Car - Delivered Price of the Car

    =24832-22450

    =$2,382

    Therefore:

    Total amount paid for the Car=$24,832

    Finance Charge=$2,382
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