Personal Finance: Cost of a Car The suggested list price of a new car is $24,000. The dealer’s cost is 85% of list. How much will you pay if the dealer is willing to accept $300 over cost for the car?

$20,700

Step-by-step explanation:

Given that :

List price of car = $24,000

Dealer's cost = 85% of the list price of the car

Dealer acceptance cost = $300 over the cost

Hence, total amount to be paid :

Dealer's cost + dealer's acceptance cost

Dealer's cost = (0.85 * $24,000) = $21,400

Hence, Total cost :

$20,400 + $300 = $20,700

, and

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step-by-step explanation:

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note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

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etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

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