Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total. How much loan does Molly need?

Question

Mathematics

Serena Roy

15 March, 17:24

Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total. How much loan does Molly need?

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Answers (2)

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Heath Reeves · Answer 1

Molly doesn't need any loan amount, she has enough money to pay the bills

Step-by-step explanation:

Molly will have $1000 left after she must have paid the $1500 bill from her $2500 saving. She does not need to take any loan in this case.

Mckinley Moody · Answer 2

Molly doesn't need a loan

Step-by-step explanation:

Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total.

If she paid $1500, she would have $1000 left. She doesn't need a loan as the bill has been paid, and there is some money left.