Final answer:
The question pertains to calculating total interest and monthly payments for a loan using the add-on method in Mathematics at the High School level.
Step-by-step explanation:
The subject of the question is Mathematics, specifically focusing on the calculation of interest using the add-on method. The grade level of this question is considered to be High School as it involves financial mathematics which is commonly introduced at this level.
To calculate the total interest on a $950 loan for 16 months at a 5.2% interest rate, you would first convert the annual interest rate to a monthly rate by dividing by 12, and then multiply this monthly rate by the number of months the loan is for to get the total simple interest. Afterwards, you would add this interest to the principal amount to get the total amount due and divide by the number of months to determine the monthly payment. The formula for simple interest is I = P * r * t where I represents interest, P the principal amount, r the rate of interest per period, and t the time the money is borrowed for in periods. However, in this scenario, the student must already understand how to apply the add-on method. Without the specifics of the add-on method calculation, we can't complete the example given.