Apurchase price of a car is $20,000. a deposit of $5,000 is paid. the balance will be repaid with 60 monthly payments of $400. the total amount of interest charged is: a) $1,000 b) $4,000 c) $9,000 d) $19,000 e) $24,000

To find out the interest paid,we would have to deduct the original amount from the price paid.

the equation would be:
payment-purchase price

The amount required to be paid:
5000+60×400
=$5000+24000
=$29000

Thus,the amount of interest would be
29000-20000
=$9000

Therefore,the answer is C) $9000

hope it helps!