Answer:
The correct answer is D. $2,013.12.
Step-by-step explanation:
Since Erica took out a loan to buy her new motorcycle, and the purchase price of the motorcycle was $ 11349.00 plus 5% GST and 7% PST, and she pays $ 409.00 per month on her loan, which has a term of 3 years, for To determine how much more is she paying than the purchase price, the following calculation must be performed:
11,349 + (11349 x 0.12) = X
11,349 + 1,361.88 = X
12,710.88 = X
409 x 12 x 3 = X
4,908 x 3 = X
14.724 = X
14,724 - 12,710.88 = X
2,013.12 = X
Therefore, Erica is paying $ 2,013.12 more than the purchase price.
