Suppose you bought a used car for $3,200 and made equal payments over a 24-month period. About how much would you pay each month?

Question

133__ R8
____|3,200
-24
80
-72
80
-72
8
24->20

20x100=2,000
10x200=4,000
$_____ per month

Answer 1

To determine the monthly payment for a used car that costs $3,200 over a 24-month period, you can divide the total cost by the number of months.

Here's the calculation:

\[ \text{Monthly Payment} = \frac{\text{Total Cost}}{\text{Number of Months}} = \frac{3,200}{24} \]

Now solve:

\[ \frac{3,200}{24} = 133.33 \]

Thus, the monthly payment is approximately $133.33 per month.

Based on your setup suggesting a division process, you may have shown the long division, but that confirms the monthly payment should be roughly $133 per month.

If you need to round, commonly you'll see vehicles financed using whole numbers, so you could round to $133.