7
QuizMultiple Choice

Borrowing Money

Question 7 • 2025-2026 GSP Mathematical Reasoning for Decision Making

Kevin has just finished paying off his loan. He was assessed a service charge of $422. He paid off the principal and the interest by making weekly payments of $36.13 for four years. If the principal was $7,150, how much did Kevin pay in finance charges, to the nearest dollar?a.$498b.$365c.$422d.$787

Answer
A
A
B
B
C
C
D
D
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Kevin has just finished paying off his loan. He…