trishas car cost $10,900. she has enough money to make a down payment of $1,000. her monthly payments are…

trishas car cost $10,900. she has enough money to make a down payment of $1,000. her monthly payments are $250 for 48 months. true or false: the deferred price is $2,100 greater than the original price. true false

trishas car cost $10,900. she has enough money to make a down payment of $1,000. her monthly payments are $250 for 48 months. true or false: the deferred price is $2,100 greater than the original price. true false

Answer

Explanation:

Step1: Calculate total monthly payments

Monthly payment is $250 for 48 months. So total monthly payments = $250×48 = $12000$.

Step2: Calculate deferred - price

Deferred price = Total monthly payments+Down - payment. Down - payment is $1000. So deferred price = $12000 + 1000=$13000$.

Step3: Find the difference between deferred price and original price

Original price is $10900. Difference = Deferred price - Original price = $13000−10900 = $2100$.

Answer:

True