Question

Carlee purchased a motorcycle for $9,941. She made a down payment of $3,795. She applied for a four-year installment loan with an interest rate of 13.2%. What is the total cost of the motorcycle after four years?

Answer 1

A=p(1+rt)
A=3,795(1+.132*4)
A=5,798.76
9,941+5,798.76
15,739.76
The motorcycle would cost 15,739.76, I think.
Hope this helps!