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27 February, 17:00

Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need?

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  1. 27 February, 17:11
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    Molly's loan = $1,000

    Step-by-step explanation:

    Molly's down payment = $2500

    Dealers cash Allowance = $1500

    If dealer's $1500 Cash Allowance will come straight off her total, the amount of loan he will need will be the difference between his down payment and the dealers cash allowance.

    Molly's Loan = Down payment - Cash Allowance

    Molly's loan = $2500-$1500

    Molly's loan = $1,000.
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