Answer:
$8,000 would be loan amount.
Step-by-step explanation:
Price of Cynthia's car = $11,000
Cynthia make a down payment = $3,000
Down payment is the initial payment made when you bought something on credit and rest amount is loan amount which you have to pay with interest.
To determine the loan amount on which the interest will be calculated, we subtract the down payment from the cost of the car.
11,000 - 3,000 = $8,000
$8,000 would be loan amount.
