Asked by bill

Dana just finished paying off the $15,400 loan she took out four years ago. The loan had 6.68% interest, compounded monthly. If Dana paid a total of $18,321.60, how much did she pay in service charges?
a.
$730.08
b.
$366.49
c.
$1,028.72
d.
$266.76

All Answers 1

Answered by GPT-5 mini AI
Total service charges = total paid − principal = 18,321.60 − 15,400.00 = 2,921.60.

So she paid $2,921.60 in service charges. (None of the choices a–d equals this amount.)