hello
Toni needs $5,500 loan to get a car.
we can solve this by observing the options available to the question
from option A
we have 24 months loan wtih 4.25% interest rate
let's calculate for this
simple interest is given as
[tex]\begin{gathered} s\mathrm{}i=(1+rt) \\ p=\text{ principal} \\ r=\text{rate} \\ t=\text{time} \\ p=5,500 \\ r=4.25 \\ t=24\text{ months = 2 years} \\ s\mathrm{}i=5500(1+0.0425\times2) \\ s\mathrm{}i=5967.5 \end{gathered}[/tex]
the interest on the first option would be
[tex]in\text{terest}=5967.5-5500=467.5[/tex]
for option b
4.75% for 36 months = 3 years
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