Question

To lease a new car, you must make a down payment when you sign the lease, then pay $199 per month. six months after signing his lease , mr. scott had paid $2694. write and solve and equation to find the total amount he will have paid after 3 years answer key

Answer 1

The solution for this problem is:

Let x be the number of months; and

Let y be the amount paid

We know that m is $199 per month and the two other given are 6 months and 2694.

 

y = 199 (x -6) + 2694

y = 199 (36 -6) + 2694

y = 199 (30) + 2694

y = 8664

 

Mr. Scott paid $8664 after 3 years.