+18 Amal borrows $5000 from her mother to pay for a one-year college program. She plans to pay the money back in equal
monthly payments over 3 years, including interest at a rate of 4.5% per year.
a) What simple interest does Amal pay?
b) What is each monthly payment?
c) How much will Amal have paid at the
end of 3 years?
