10
QuizMultiple Choice

Borrowing Money

Question 10 • 2025-2026 GSP Mathematical Reasoning for Decision Making

The principal on Jan’s loan was $4,700, but by the time she had paid it off after four years, the interest and principal totaled $5,388. If Jan made regular quarterly payments of $355 until the loan was paid off, how much did Jan pay for service charges?a.$292b.$688c.$980d.$18

Answer
A
A
B
B
C
C
D
D