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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?

Respuesta :

Answer:[tex]\$\ 1000[/tex]

Step-by-step explanation:

Given

Molly down payment[tex]=\$\ 2500[/tex]

Dealer's allowance [tex]=\$\ 1500[/tex]

For loan amount , It is equal to the difference of molly down payment and dealer allowance

loan amount [tex]=2500-1500[/tex]

loan amount [tex]=\$\ 1000[/tex]

So, Molly needs [tex]\$\ 1000[/tex] loan

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