What is your question? What don't you understand? Where is your solution? Do you just want someone to do your work for you? You would learn nothing that way and it would be a disservice to you. And if you turned in the answer prepared by another person as your own work you would be committing plagiarism which is unethical.

1. If it was simple interest the car cost $5,730. If it was a normal car loan it cost $5,381.47

2. $958

Compare my answers with your solution to decide if I am right.

1) 5,000 + (5,000 * 0.0365 * 4)

2) 15,000 * [( (1 + 0.0485/12)^30 ) - 1]

= 15,000 * [(1.00404^30) - 1]

I'll let you do the math, or the "Prof" could open a can of whoop a** on me. :)

1. Steve took out a $5000 simple interest loan to purchase a car. How much did the car cost in total if the loan had a 3.65% annual rate if the period of the loan was 4 years?

2. How much interest would be paid on a $15000 loan that had an annual rate of 4.85% compounded monthly for 30 months?