A certain car sells for $20,000, if it is paid for in full (the cash price). However, the car can be
financed with a 10% down payment and
monthly payments of $1,000 for 24 months.
How much more money is paid for the privilege of financing, excluding tax, and what percent is this of the car’s cash price?

  $6,000 or 30% more is paid for financing

Step-by-step explanation:

The total of payments when the car is financed is ...

  10%×$20,000 +24×$1000 = $2,000 +24,000 = $26,000

The difference from the cash price is ...

  $26,000 -20,000 = $6,000

The percentage this difference is of the cash price is ...

  $6,000/$20,000 × 100% = 30%

in geometry, parallel lines are lines in a plane which do not meet; that is, two lines in a plane that do not intersect or touch each other at any point are said to be parallel. by extension, a line and a plane, or two planes, in three-dimensional euclidean space that do not share a point are said to be parallel.

5

step-by-step explanation: