1. Neema bought appliances costing ​$3775 at a store charging6​% ​add-on interest. She made a $1000 down payment and agreed tomonthly payments over four years. What percent of the originalprice tag total did the financing​ cost?
The financing cost was _____% of the original price tagtotal.
2. Use the​ add-on method of calculating interest to find thetotal interest and the monthly payment of a ​$650 loan for 14months at 6.1​%.
The total interest is $____
3. How long​ (in years) will it take Michael Garbin to pay off a​$7000 loan with monthly payments of ​$128.83 if the​ add-oninterest rate is 6.1​%?
Michael Garbin would take ____ years to pay off a ​$7000 loanamount.
