Use the simple interest formula to solve. if seth took out a loan to buy a car for $43,500 that had an interest rate of 2.25%, how much will he pay in total after 5 years?

Let us assume that the rate is same throughout 5 years.

Principle amount is = $43500

Rate of interest = 2.25%

Time = 5 years

Interest =

Interest =

= 4893.75

Hence interest incurred in 5 years is $4893.75

So, total amount payable after 5 years will be = = $48393.75

Hence, after 5 years Seth will pay $48393.75

i think this could be a possible answer (1 / 84) -1

good luck! : d