John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays off the Kia finance using his secured line of credit which charges him 4% simple interest. He pays off the line of credit in 11 months. How much did he pay in total?
A) $20 737
B) $20 837
C) $20 733
D) $20 800
E) $21 198

Question

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The Answer of John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays off the Kia finance using his secured line of credit which charges him 4% simple interest. He pays off the line of credit in 11 months. How much did he pay in total?
A) $20 737
B) $20 837
C) $20 733
D) $20 800
E) $21 198

John Buys a Car for $20 000 on Kia Finance