Karl 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?

A.
$60
B.
$400
C.
$200
D.
$100

Question

Karl 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?

A. 
$60
B. 
$400
C. 
$200
D. 
$100

Hoodmemes · Answer

Divide 8,000 by 11.5 and 12.25

Hoodmemes · Answer

then subtract the difference and you got your answer

Hoodmemes · Answer

his savings is (12.25 - 11.5) % or 0.75%

multiply 8000 by .0075

Hoodmemes · Answer

any other questions u need help wit?