3. You purchase a car using a $20,000 loan with a 5% simple interest rate.
(a) How much interest do you pay on your loan if you pay off the loan in 4 years? Show your work.
(b) How much interest do you pay on your loan if you pay off the loan in 2 years? Show your work.
(c) How much interest do you save by paying the loan off in 2 years instead of 4? Show your work. Answer:
V-10=-3
add 10 by both sides (opposite of -10)
v= 7
you want things less than or equal to 5
so A and B
.25 = 25/100 (divide top and bottom by 25)
= 1/4
To find the area of a trapezoid, we use the following formula:

In this formula a represents the area and b1 and b2 each represent a base of the trapezoid.
So, we have got the following information



Filling in the formula gives us:



Finally we have to divide both sides by 15.

Therefore, the height of the trapezoid is 10 meters.