Register

If Naghia borrows $4,000 to buy a vehicle and her payment is $125.35 a month for 36 months, how much will she pay in interest over the life of the loan? $512.60 $4,512.60 $4,000…

If Naghia borrows $4,000 to buy a vehicle and her payment is $125.35 a month for 36 months, how much will she pay in interest over the life of the loan? $512.60 $4,512.60 $4,000…
97.1k views
2 votes
If Naghia borrows $4,000 to buy a vehicle and her payment is $125.35 a month for 36 months, how much will she pay in interest over the life of the loan? $512.60 $4,512.60 $4,000.00 None of the above

User Vabarbosa
by
8.6k points

1 Answer

4 votes
She will pay $512.60 in interest.

$125.35 for 36 months amounts to 125.35(36) = 4512.60. The difference is 4512.60-4000 = 512.60 that she pays in interest.
User Dror Harari
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!