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:
It is 0.0133
unless it is 1050 divided by 14 witch is
75
Answer:
The answer is 36
Step-by-step explanation:
Ryan bought 25 packs because 25 is equal to one-fourth.