Use Estimation to Select the Best Response

Multiple Choice

Use estimation to select the best response. Do not calculate. Assume that interest rates are close to 10%. If you purchase a new car for $11,000, and finance it for 3 years, then the amount of interest you would expect to pay is about ______.

A) $3,300
B) $330
C) $110
D) $33,000
E) $11,000