5.12% means
5.12/100 = 0.0512 (each year)
PreOwned Vehicle Cost = 31,100
For 5 years simple interest, the value would be:
31100 * 0.0512 * 5 = $7961.6
Total have to pay: 31,100 + 7961.6 = $39,061.6
The answer would be c 5 divided by 2/3
It means that 15 times another number equals to your equation.
