Sam bought a car for $15392 how much will he need to repay each weak if he wants to pay back in exactly 2 years

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12-07-2018
Mathematics

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Sam bought a car for $15392 how much will he need to repay each weak if he wants to pay back in exactly 2 years

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mbh292 mbh292 · Answer 1 · 2018-07-12T02:56:20+02:00

mbh292 mbh292

12-07-2018

The answer is $148 per month.

To find how much he will pay per week we need to use whole money/time equation.

Every year he needs to pay [tex] \frac{15392}{2} = 7696[/tex]

There are 52 weeks in a year: [tex] \frac{7696}{52} = 148[/tex]

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