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Don buys a car for $22,500. Don gets a loan for a year with an interest rate of 3% per year. How much total money will Don pay in a year?

Don buys a car for $22,500. Don gets a loan for a year with an interest rate of 3% per year. How much total money will Don pay in a year?

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Don buys a car for $22,500. Don gets a loan for a year with an interest rate of 3% per year. How much total money will Don pay in a year?A. $2.75
B. $583
C. $552.75
D. $23,175
e. $407.78
f. $33
g. $806.25
H. $437.70
i. $443.01
j. $185
*also explain how you got your answer please

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