The first rule you need to know is

So, you have

The second rule you need to know is

So, you have

(16+10)-1+13*5
26-1+65
25+65
90
1) 82%
2) 1/5
3) 60%
4) 50%
5) 300
6) 18
7) 40
8) 15
9) 112.5
10) 96
400 students attend Washington Middle School because 400*0.8=320. Therefore 320 students is 80% of 400 students.
The amount of interest saved by the borrower is $62.61
Step-by-step explanation:
1. To calculate rate of 36 monthly payments,
Principal = $4200
Rate = r%
Time =
= 3 years
Interest = $141.17
Formula for calculating interest is,
Interest = 
141.17 = 
141.17 x 100 = 12,600 x r
r = 
r = 1.12%
2. To calculate interest of 20 monthly payments,
Principal = $4200
Rate = 1.12%
Time =
= 1.67
Interest = I
Formula of interest --> I = 
I = 
I = 
I = $78.56
3. Amount of Interest saved = Interest of 36 monthly payments - Interest of 2- monthly payments
Interest saved = 141.17 - 78.56
Interest saved = $ 62.61
Therefore, the amount of interest saved is $62.61
Keywords: Interest rate
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