Question
Larry bought a computer system for $1,895. He put $500 down and
financed the rest. He made 24 payments of $65.50 each. How much
interest did he pay?
financed the rest. He made 24 payments of $65.50 each. How much
interest did he pay?
Answers
GPT 3.5
The total amount financed was $1,895 - $500 = $1,395.
The total amount paid over the 24 payments was $65.50 * 24 = $1,572.
Therefore, the total interest paid was $1,572 - $1,395 = $177.
Larry paid $177 in interest.
The total amount paid over the 24 payments was $65.50 * 24 = $1,572.
Therefore, the total interest paid was $1,572 - $1,395 = $177.
Larry paid $177 in interest.