Math  /  Word Problems

QuestionJuan bought a \$ 16,100 truck, paid \$ 4,100 down, and took a loan with \$ 265.62 monthly for 4 years. Find: (a) Total cost of the truck. (b) Interest paid on the loan.

Studdy Solution
Calculate the interest paid.
Interest=$12,749.76$12,000=$749.76Interest = \$12,749.76 - \$12,000 = \$749.76(b) Juan paid $749.76 in interest on the loan.

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