Question

Emma borrows $2,500 from her bank to buy a used car. The loan has a 5.4% annual simple interest rate. If it takes Emma 9 months to pay back the loan, how much interest will she be paying?

A. $101.25

B. $2,601.25

C. $3,715.00

D. $10,125.00

Answer 1

its c

Explanation:

its c because you add 2,500 + 5.4% = 2,635 than it adds 135 to 2,500.

You multiply 135 x 9 = 1215 than you add that than that = 3715.

Answer 2

$292.78

Explanation:

Add the annual interest to the loan. Then divide the total by 9 to get the monthly cost.