The amount of extra interest that will be paid is $24300
Since Nellie took out a car loan for $45,000 payable for 6 years at an interest rate of 15%, the interest that she will pay will be:
= ($45000 × 6 × 15) / 100
= $40500
On the other hand, if she hasn't applied for bankruptcy, the amount that she will pay will be:
= ($45000 × 6 × 6) / 100
= $16200
Therefore, the difference between the interest will be:
= $40500 - $16200
= $24300
The correct option is $24300. The given options are incorrect.
Read related link on:
https://brainly.com/question/25052422
