MATH SOLVE

8 months ago

Q:
# Trevor is making payments on a car that cost $26,555 he makes 36 equal payments if he runs to equal payments up to the nearest whole dollar about how much will he overpay after 36 months

Accepted Solution

A:

Answer:The over payment amount after 36 months is $ 0.37 Step-by-step explanation:Given as :The cost of the Car = $ 26,555The number of times payment done for 36 month = 36 So, The the cost of car for 36 equal payment = [tex]\dfrac{\textrm Total cost of car}{\textrm number of times payment done }[/tex]i.e The the cost of car for 36 equal payment = [tex]\frac{26,555}{36}[/tex]∴ The the cost of car for 36 equal payment = $ 737.6389Now rounding this value to nearest whole dollar = $ 738 Note - A) If after decimal , number are above 4 then round it to 1 above digitB) If after decimal , number 4 or less then simply remove all number after decimalSo, The over payment after 36 months = $ 738 - $ 737.63 = $ 0.37Hence The over payment amount after 36 months is $ 0.37 Answer