Mathematics, 29.04.2021 19:00 caveman171

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. Another 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.

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Shana plans to borrow $1,300 to buy a guitar. One bank is offering a simple interest rate of 5% per...

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