Ginger borrowed $550 to purchase software and a camera. The simple interest rate is 8% per year. How much will she save if she pays off the

Question

Ginger borrowed $550 to purchase software and a camera. The simple interest rate is 8% per year. How much will she save if she pays off the loan in two and a half years instead of three and half years?

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Latifah 4 years 2021-09-03T12:45:29+00:00 1 Answers 1 views 0

Answers ( )

  1. Doris
    0
    2021-09-03T12:46:51+00:00
    Reply

    Answer:

    44$

    Step-by-step explanation:

    8% of (550 US$) =

    44 US$

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