Jin took out a 6-year loan for $18,000 to buy a new car. he has to pay 2% simple interest on the loan. how much will jin have paid in all after the 6 years

At  the end of 6 years Jin pays the amount $ 20,160 in total.

Step-by-step explanation:

The Principal Value(P)  = $18,000

Time(T)  = 6 years

Rate of Interest(R)  = 2%

Simple Interest  =

So, SI =

         = $2,160

So, the interest amount = $2,160

Now, total amount to be paid =  Principal Value + Interest Value

Amount   = $18,000 + $2,160 = $ 20,160

Hence, at the end of 6 years Jin pays  $ 20,160.

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step-by-step explanation:

investment b is an ordinary annuity with $3,909.64 in the account after one year.

step-by-step explanation: