6
QuizMultiple Choice

Buying vs Leasing a Car — Quiz

Question 6 • Financial Algebra/Mathematics

Juliet leased a car with a monthly payment of $300 for 3 years. What is the total cost of the lease term?

Answer
A
$10,800
B
$9,000
C
$900
D
$11,000

Explanation

A 3-year lease lasts 36 months. Multiply the monthly payment by the number of months: $300 × 36 = $10,800. The total cost of the lease term is $10,800, choice B.

AI-written and checked against the verified answer.

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