Answer:
Total amount paid =$4266
The total amount she paid in finance charges =$666
Step-by-step explanation:
The annual percentage rate (APR) of a loan is the interest required to be paid each year expressed as a percentage of the total loan balance. For instance, a loan with APR of 10% requires $200 to be paid annually per $2,000 borrowed.
total amount paid = $118.50 * 3 *12 =$4266
The total amount she paid in finance charges = total amount paid - Amount Borrowed $4266 - $3600 = $666
