Answer:
$1612
Step-by-step explanation:
12% of 2400
12/100 * 2400
0.12 * 2400 = 288
Amount to be paid :
2400 - 288 = 2112
Down payment = $500
Amount owed =
Amount to be paid - Down payment
$2112 - $500
= $1612
Hence, amount owed for installment loan = $1612
