Mrs Gibb bought a car for $36 000. She paid a deposit of 1/6 of the total value and decided to pay the balance over a period of 24 months. How much does she have to pay each month?

(a) $1250

(b) $6000

(c) $30000

(d) $8560

Question

Zayden Chapman

Mathematics

9 August, 20:55

Mrs Gibb bought a car for $36 000. She paid a deposit of 1/6 of the total value and decided to pay the balance over a period of 24 months. How much does she have to pay each month?

(a) $1250

(b) $6000

(c) $30000

(d) $8560

+4

Answers (1)

Know the Answer?

Myla Blevins · Answer 1

The amount that Mrs. Gibb was paying off with her monthly payments was

$36,000 - (1/6) * 36,000 = $30,000

That amount divided into 24 equal payments is

$30,000:24 = $1250

The best answer choice is

(a) $1250

Mrs Gibb bought a car for $36 000. She paid a deposit of 1/6 of the total value and decided to pay the balance over a period of 24 months. How much does she have to pay each month?(a) $1250(b) $6000(c) $30000(d) $8560

Mrs Gibb bought a car for $36 000. She paid a deposit of 1/6 of the total value and decided to pay the balance over a period of 24 months. How much does she have to pay each month?

(a) $1250

(b) $6000

(c) $30000

(d) $8560