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Lydia finds a car that costs 13,000, And She has 2,500 saved for a down payment. If she qualifies for a 5% interest rate, how much will the interest be calculated on? 13,000? 12,000? 15,500? 10,500? THANKS
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Lydia finds a car that costs 13,000, And She has 2,500 saved for a down payment. If she qualifies for a 5% interest rate, how much will the interest be calculated on?

13,000?

12,000?

15,500?

10,500?

THANKS IN ADVANCE!! :)

User Joris Kluivers
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5.7k points

1 Answer

2 votes

The interest will be calculated on 10500 since she has already 2500 saved.

User UtahJarhead
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