Answer:
$9,200
Explanation:
Mr Jones is expected to pay $9,200. Here is how I came by this amount.
Purchase amount = $10000
Interest rate = 8% is offered by dealer to finance the car.
10,000 of 8%
= 10000 x 0.08
= 800
The purchase amount of 10,000 dollars minus 800
= $9,200
I hope this helps!
