Answer:
<h3>a.)</h3>
Carmen paid monthly payments of $438.27 for 4 years.
i.e.,
1 year = 12 months
4 year = 12 × 4 = 48 months
So,
438.27 × 48 = $21,036.96
Now, the total amount including down payment is,
$21,036.96 + $3900 = $24,936.96
Thus, The total amount Carmen ended up paying for the motorcycle (including the down payment and monthly payments) is $24,936.96.
<h3>
b.)</h3>
Interest did Carmen pay on the loan,
$24,936.96 - $23,700 = $1236.96
Thus, The answer is $1236.96.
<u>-TheUnknownScientist</u><u> 72</u>
