John applied for a loan of $5,000.00 with an annual interest rate of 3% to be repaid monthly for a year. The loan terms include a processing fee of 0.1% of the loan amount and a quarterly administrative charge of 0.05% of the loan amount. What is the total cost of financing?​

area of part 1:

a1=base*height/2=(8+2)*(8-2-2-1)/2=10*3/2=15 ft^2

area of part 2:

a2=length*width=(8+2)*1=10 ft2

area of part 3:

a3=length*width=8*2=16 ft2

total shaded area : a1+a2+a3=41 ft2

total area of the reactangle : a=16*8=128 ft2

total area of the nonshaded region : 128-41=87 ft2

b

step-by-step explanation: