Solve the Problem. -Sammy Borrowed $10,000 to Purchase a New Car at an Car

Multiple Choice

Solve the problem.
-Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it back in equal monthly payments over a 5-year period. How much total interest will be paid over the period of the loan?
Round to the nearest dollar.

A) $92
B) $3630
C) $1435
D) $3045