Question

jessica borrow$9000 from the bank to purchase a used car.the bank has given her an interest rate of 7.5%annually for a period of 2 1/2 year
what is the total amount she will have to pay back at the end of the loan
A)$1687.50
b)$9,000
c)$10,687.50
D)$16,875

Answer 1

9,000 * 7.5 * 2.5 = total interest

Add that sum to 9,000.

Answer 2

Jessica borrow $8,500.00 7.5