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Tom has been saving for a new car and finally has the money to make the deal. He put down $3,800 and will be paying $325 a month for 5.5 years. What is the total cost of his purchase?

A $25,250
The total cost of the car = down payment + total installments For total installments: The first step is to find out the number of months Tom will pay: 5.5 years x 12 months in a year = 66 months If he pays $325 per month, he will pay $325 x 66 = $21,450 in installments. Add this to his down payment for the total cost of the car: $3,800 + $21,450 = $25,250 (the total cost of the car)
B $23,300
C $19,500
D $21,450