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Alvin financed $3,450 to buy a new car. If he made 36 payments of $138.50 each, how much interest did he pay on the loan? a. $153.60 b. $415.50 c. $1,536 d. $4,986

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C. $1,536. 

Multiply 138.50 by 36. (4,986) 
Then, subtract 4,986 by 3,450.

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