The total price of the vehicle is $ 28,466
Further Explanation
Given:
The installment is $567/month
After 48 months, Jayson still owes $ 1250
Total price of the vehicle?
Step by step explanation
First step, we are going to calculate the total money for 48 months using the area model methods.
[tex]=\boxed {567 \times48\ }\\ =\boxed {(500+60+70) \times(40+8)\ }\\ = \boxed {(500 \times40)+(500 \times8) + (60 \times40) +(60 \times8) + (7 \times40) + (7 \times8)\ }\\ = \boxed {20000+4000+2400+480+280+56\ }\\ = \boxed {27216\ }[/tex]
If after 48 months Jayson still owes $ 1250, so the total price of the vehicle would be
[tex]=\boxed {27216 + 1250\ }\\ = \boxed {28466\ }[/tex]
So, total price of the vehicle is $ 28,466
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Keywords: multiplication, standard algorithm, partial product, area model, total price of a vehicle, additional, three digits multiplication, two digits additional
