Answer:
26%
Step-by-step explanation:
Your 36 monthly payments will total ...
36 × $205.10 = $7383.60
$5860 of that is the amount you borrowed. The remainder is the interest you pay:
$7383.60 -5860 = $1,523.60
As a percentage of the original loan amount this is ...
$1523.60/$5860 × 100% = 26%
You pay back 26% of the original loan amount in interest.
