Alana agreed to purchase a vehicle with the following terms. She will make a $3,000 down payment on a car costing $15,000. Assuming no interest, how much would she pay per month if she financed this vehicle over 24 months?
A) $1,000
B) $500
C) $250
D) $625

Question

Quizplus · Accepted Answer

After the $3,000 down payment, Alana has $12,000 left to finance. Dividing $12,000 by 24 months equals $500 per month.

Alana Agreed to Purchase a Vehicle with the Following Terms