Kristina took out a bank loan to purchase a used car selling for $3864. The loan requires her to pay back $98 each month for 48 months. a. What will be the total amount she pays to the bank? b. Kristina paid the bank more than the price of the car because the bank added a finance charge. What was the amount of the finance charge?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Kristina took out a bank loan to purchase a used car selling for $3864. The loan
requires her to pay back $98 each month for 48 months.
a. What will be the total amount she pays to the bank?
b. Kristina paid the bank more than the price of the car because the bank added a
finance charge. What was the amount of the finance charge?
a) The total amount she pays the bank is $
b) The finance charge is $.
Transcribed Image Text:K Kristina took out a bank loan to purchase a used car selling for $3864. The loan requires her to pay back $98 each month for 48 months. a. What will be the total amount she pays to the bank? b. Kristina paid the bank more than the price of the car because the bank added a finance charge. What was the amount of the finance charge? a) The total amount she pays the bank is $ b) The finance charge is $.
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