QuestionTo pay for a $\$ 19,100$ camper, Pablo made a down payment of $\$ 4400$ and took out a loan for the rest. On the loan, he paid monthly payments of $\$ 325.38$ for 4 years. (a) What was the total amount Pablo ended up paying for the camper (including the down payment and monthly payments)? $\$ \square$ (b) How much interest did Pablo pay on the loan? $\$ \square$

Studdy Solution
Determine the total interest paid by subtracting the principal of the loan from the total amount paid.
$\text{Total interest paid} = \text{Total amount paid} - \text{Principal of the loan}$
$\text{Total interest paid} = 20,019.24 - 14,700$
$\text{Total interest paid} = 5,319.24$
Solution for part (a): $\text{Total amount paid for the camper} = \$20,019.24$
Solution for part (b): $\text{Total interest paid} = \$5,319.24$