Answer: She would pay $ 6215 in total.
Step-by-step explanation:
Since we have given that
Amount of loan = $5,500
Rate of interest = 3.25%
Number of months = 48 months = 4 year
So, Using "Simple interest ", we get that
[tex]SI=\dfrac{P\times R\times T}{100}\\\\SI=\dfrac{5500\times 4\times 3.25}{100}\\\\SI=715[/tex]
So, Amount she would pay :
[tex]5500+1715=6215[/tex]
Hence, She would pay $ 6215 in total.
