John Buys a Car for $20 000 on Kia Finance

Multiple Choice

John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays off the Kia finance using his secured line of credit which charges him 4% simple interest. He pays off the line of credit in 11 months. How much did he pay in total?

A) $20 737
B) $20 837
C) $20 733
D) $20 800
E) $21 198