Celeste Nossiter borrowed $8200 from her father to buy a used car. She repaid him after 3 months, at an annual interest rate of 4.8%. Find the total amount she repaid. How much of this amount is interest? The total amount she repaid is $ . Of this amount, $ of it is interest. (Round to the nearest cent as needed.)
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The annual interest rate is 4.8%, so the monthly interest rate is 4.8% / 12 = 0.4%. Show more…
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