You borrowed $11,250 from the bank to buy a used car. You will pay the bank back in 5 years with 3.45% interest compounded annually. How much interest will you end up paying?

Question 5 options:

$13,329.23

$13,190.63

$1,940.63

$2,079.23

answer:

C

Step-by-step explanation:

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step-by-step explanation:

well if you round, things become much more simple. round 5.95 to 6, 4.25 to 4, and 1.05 to 1. now, add 6+4+1 and that would equal 11. so the items together would equal to about $11.