Josaya takes out a loan of $215000 to purchase a car. the bank charges him 5.2% compounded quarterly on this loan. if he pays back loan after three years, calculate the total amount to be paid back by josaya

215,000 x 5.2% = 11,180 quarterly compounded interested

quarter = 4 theres 4 quarters in a year

3years x 4 quarters = 12 quarters

12 quarters x 5.2% of 215,000 =

134,160 (compounded interested) + 215,000 (money he owes) =

349,160