Solve the Problem. -The Total Number of Cars Sold at a Used Car

question 297

Multiple Choice

Solve the problem.
-The total number of cars sold at a used car lot for the years 1996 and 1997 was 592. The number of cars sold in 1997 was 3 times the number of cars sold in 1996. How many cars were sold in 1997?

• A) 444
• B) 147
• C) 156
• D) 448

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Definitions:

Compounded Monthly

Interest calculated on the principal sum and also on the accumulated interest of previous periods of a deposit or loan, compounded every month.

Equal Payments

Payments that are the same in amount, typically referring to installments paid over a certain period of time.

Outstanding Balance

the amount of money that is still owed or remains unpaid on a loan, credit card, or another financial obligation.

Combined Equivalent

A combined or total equivalent that incorporates various elements or aspects to express a singular value or concept.