Amy borrowed $5,000 from the auto dealership to purchase a used car to get back and forth to work. The auto dealer informed Amy that the total amount that she would need to repay included the $5,000 that she borrowed, $1,000 in interest, and $150 of loan fees for a total repayment amount of $6,150. What is the finance charge on Amy's auto loan?
a. $150
b. $1,000
c. $1,150
d. $6,150
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Amy borrowed $5,000 from the auto dealership to purchase a used car to get back and forth to work. T...
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