Question

To pay for a $17,200 truck, Jina made a down payment of $3300 and took out a loan for the rest. On the loan she paid monthly payments of $249.77 for 5 years. How much interest did Jina pay in the loan?

Answer 1

1,086.20

Explanation:

17200-3300=13900

249.77×60=14986.20-13900= 1086.20