Erica took out a loan to buy her new motorcycle. The purchase price of the motorcycle was $11349.00 plus 5% GST and 7% PST. She pays $409.00 per month on her loan, which has a term of 3 years. How much more is she paying than the purchase price? a. $2415.74 b. $1610.50 c. $2254.69 d. $2013.12

The correct answer is D. $2,013.12.

Step-by-step explanation:

Since Erica took out a loan to buy her new motorcycle, and the purchase price of the motorcycle was $ 11349.00 plus 5% GST and 7% PST, and she pays $ 409.00 per month on her loan, which has a term of 3 years, for To determine how much more is she paying than the purchase price, the following calculation must be performed:

11,349 + (11349 x 0.12) = X

11,349 + 1,361.88 = X

12,710.88 = X

409 x 12 x 3 = X

4,908 x 3 = X

14.724 = X

14,724 - 12,710.88 = X

2,013.12 = X

Therefore, Erica is paying $ 2,013.12 more than the purchase price.

c. (3,2,6) is the answer.

17

step-by-step explanation: