Megan bought a car for $12,500. She made a down payment of

Question

$3,500 and financed the rest. If she made 48 payments of $240
each, how much interest did she pay?

Answer 1

12,500 - 3,500 = 9,000

48 * 240 = 11,520

11,520 - 9,000 = ____ total interest payments