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zeke bought a $2,300 bobsled on the installment plan. He made a $450 down payment, and he has to make monthly payments of $93.50 for the next two years. How much interest will he pay?
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Monthly payment = $93.50 Duration of payment is 2 years or 24 months. What is the total monthly payments after 2 years? To that add $450 down payment. Subtract $2,300 from total payment amount and that will be the interest paid.
394?
@aum can you please tell me if I got it right?
Yes, $394 paid in interest.
Okay! Can you help with 3 more PLEASE?
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I can try one more. After that close the question and post it separately. There are many others here who can help.
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