Question

Karl is buying a new car. At bank a car loan will cost him 11.5%. At bank B, it will cost 12.25% if he borrows $8,00, how much will he save if he borrows from bank a?

Answer 1

60$

Explanation:

Answer 2

I'm just going to go out on a limb and guess that you mean to type $8,000.

If so then he will be saving $60.

The way I found that was by multiplying the $8,000 by the %s in decimal form

So, 8,000*0.115= 920

And, 8,000*0.1225= 980

980-920=60. Karl is saving $60