Madison is borrowing $4,000 to buy a new car.
With which of these payment plans would she pay
the least amount of interest?
A 30 monthly payments of $147.92
B 36 monthly payments of $125.71
C 42 monthly payments of $108.58
D 48 monthly payments of $96.34

Question

Madison is borrowing $4,000 to buy a new car.
With which of these payment plans would she pay
the least amount of interest?
A 30 monthly payments of $147.92
B 36 monthly payments of $125.71
C 42 monthly payments of $108.58
D 48 monthly payments of $96.34

tboi · Answer

Ok well, do you know what interest is?

anonymous · Answer

No. I know WHAT it is but in this question it doesn't give me an interest to work with

nuttyliaczar · Answer

Just multiply the total months by the price per month and find which answer is the lowest

nuttyliaczar · Answer

Because each price there has the interest included

tboi · Answer

Well interest is over a period of time so what answer would be the least amount of time.

anonymous · Answer

OKy thank you!

tboi · Answer

No problem.