# Example 3

A car dealer offers 2 different payment options for the purchase of a car.

**Deal #1:**Make a $3000 down payment and finance the car for 48 months with no interest.**Deal #2:**Finance the car for 60 months, no money down, and pay 5% simple annual interest. Suppose a car has a price of $22,000. How much more is the monthly payment for Deal #2 than for Deal #1?
This applet is provided by Walch Education as supplemental material for their mathematics programs. Visit www.walch.com for more information.

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