Carrie purchased a motorcycle for $7,948. she made a down payment of $3,625. she applied for a four-year installment loan with an interest rate of 12.2%. what is the total cost of the motorcycle after four years?

Price of the motorcycle after 4 year will be $10057.62

Step-by-step explanation:

Carrie purchased a motorcycle for $7948

She made a down payment of $3625

So the amount which she has to pay in installment = $7948-43625 = $4323

She pays the installment for 4 years

So time t = 4 years

Rate of interest r = 12.2 %

We know that interest

Total amount = price of motorcycle + interest = $7948+$2109.62 = $10057.62

total amount to be paid = $19.5

step-by-step explanation:

given ,

original price = $25.99

discount = 25%

discount amount = 25% of original price

discount amount = 25/100   * 25.99

discount amount = $6.49

hence , the total amount to be paid = original price - discount amount

                                                            = $25.99 - $6.49

                                                            =$19.5

total amount to be paid = $19.5