Question

kyle is buying a new car. At Bank A, a car loan will cost him 11.5%. At bank B, it will cost 12.25%. if he borrows $8,000, how much will he save if he borrows from bank A ?

Answer 1

Bank A : (8000)(.115) = 920 -- this is your interest
8000 + 920 = 8920 -- this is what has to be paid back

Bank B : (8000)(.1225) = 980 -- this is your interest
8000 + 980 =8,980 -- this is what has to be paid back

8980 - 8920 = 60
ANSWER : Kyle will save $ 60 if he borrows from Bank A.

Answer 2

that was right (: !! your good at explaining

Answer 3

thank you....I try....I have to go now....I wish you the best of luck in your classes.
By the way....you have a cool username :) Have a nice night

Answer 4

okayy thanks (: and talk to you soon !

Answer 5

ok...bye