Question

3. James wanted to buy a used car for $6,500. He made a down payment of $1,500 and agreed to pay $155 a month for 4 years. How much interest did he pay?​

Answer 1

6500 - 1500 = 5000
12 months × 4 years = 48 months
155 × 48 = 7440
7440 - 5000 = 2440

answer: $2440