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10 February, 18:02

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?

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  1. 10 February, 18:30
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    (8000*.1225) - (8000*.115) = 60
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