Shana plans to borrow $1,300 to buy a guitar. One bank is offering a simple interest rate of 5% per year on borrowed amounts. An
other bank is offering a simple interest rate of 4%. Shana plans to repay the loan in 3 years. In dollars, how much can she save by borrowing from the bank with the lower interest rate? Record your answer in the box.
Since 1 litre is 1000 millilitres, we can convert it to 1000 millilitres. So, we can subtract 375 millilitres from 1000 millilitres. Which will give us the answer of 625 millilitres.
