To pay for an SIK,600 motorcycle, Raina made a down payment of $4700 and took out a loan for the rest. On the loan, she paid monthly payments of $307.68 for 4 years (a) What was the total amount Raina ended up paying for the motorcycle (including the down payment and monthly payments)? (b) How much interest did Raina pay on the loan?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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To pay for an $IK,600 motorcycle, Raina made a down payment of $4700 and took out a loan for the rest. On the loan, she paid monthly payments of $307.68
for 4 years.
(a) What was the total amount Raina ended up paying for the motorcycle
(including the down payment and monthly payments)?
(b) How much interest did Raina pay on the loan?
Transcribed Image Text:To pay for an $IK,600 motorcycle, Raina made a down payment of $4700 and took out a loan for the rest. On the loan, she paid monthly payments of $307.68 for 4 years. (a) What was the total amount Raina ended up paying for the motorcycle (including the down payment and monthly payments)? (b) How much interest did Raina pay on the loan?
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