repayment loan question

[Redmoon]

Would this question be as simple as taking the 35.97 and multiplying by the 36 months so the answer would be £1294.92 or am I going wrong somewhere thanks.

 

[Steven G]

Of course that result you got would be wrong. The values in the table are for each £1000 borrowed. Liam borrowed multiples of £1000.

 

[Redmoon]

Of course that result you got would be wrong. The values in the table are for each £1000 borrowed. Liam borrowed multiples of £1000.

So would it be as simple as taking that into account and multiplying by 5? So the answer would be 6474.6 or am I still going wrong on one step?

 

[blamocur]

So would it be as simple as taking that into account and multiplying by 5? So the answer would be 6474.6 or am I still going wrong on one step?

Looks right to me.