Question: Michaela buys a new car for $31,600 . The simple interest rate is 5.6% and the amount of loan (plus simple interest) is repayable in

Michaela buys a new car for

$31,600

. The simple interest rate is

5.6%

and the amount of loan (plus simple interest) is repayable in 6 years. What is the total amount that must be repaid?\ Round your answer to the nearest dollar and do not round until the final answer.\ Provide your answer below:

Michaela buys a new car for $31,600. The simple interest rate

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