A snail travels 1/8 mile in 3/4 hour. The snail's speed is miles per hour.
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Using simple interest, it is found that Callie will save $157.32 if she is able to raise your credit score from 700 to 800.
<h3>Simple Interest </h3>The amount of interest after t years in simple interest is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
- t is the time, in years.
In this problem:
- She plans to borrow $4,100.00 with a simple interest rate loan, hence
.
- One year, hence
.
With a credit score of 700, the rate is of , hence:
With a credit score of 800, the rate is of , hence:
Then, the amount saved is:
Callie will save $157.32 if she is able to raise your credit score from 700 to 800.
To learn more about simple interest, you can take a look at brainly.com/question/25296782