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olga2289 [7]
3 years ago
14

3. You purchase a car using a $20,000 loan with a 5% simple interest rate.

Mathematics
1 answer:
finlep [7]3 years ago
6 0
(a) 20,000 × 5/100 × 4 = $4000( interest)



(b) 20000 × 5/100 × 2 = $2000 (interest)


How much do you save = $4000 - $2000 = $2000

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