To purchase a used car at a total price of $11,000$ dollars, a onetim…

Question

Prompt

To purchase a used car at a total price of

11, 000

dollars, a onetime down payment is required, and then fixed monthly payments are made for the remaining amount owed for the car. The equation

11, 000 = 2, 200 + 200 t

represents this situation, where

t

is the number of fixed monthly payments that are made. Which of the following is the best interpretation of

200

in this context?

The amount, in dollars, of each fixed monthly payment

The amount, in dollars, of the onetime down payment

The total amount, in dollars, paid for the car after

t

fixed monthly payments

The total number of fixed monthly payments