Question 1 • 2025-2026 GSP Mathematical Reasoning for Decision Making
If Helena makes no payments, the interest accrued over 48 months is $9,300[(1 + 0.064/12)^48 − 1], or about $2,705.13. To prevent interest from being capitalized, she could pay the interest as it accrues; that minimum total is simple interest: $9,300 × 0.064 × 4 = $2,380.80. The difference is $2,705.13 − $2,380.80 = $324.33, so the answer is D, $324.33.
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