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Mathematics, 18.11.2020 21:10 cheating53

Regina is buying a new car. She sees two advertisements in the paper for the same car at two different prices from two different dealerships. Both dealers are offering a simple-interest loan for the price of the car. A photo of car includes two ads. Ad A shows the vehicle priced at twenty-four thousand two hundred dollars at six point five percent interest and an unknown number of years. Ad B shows an unknown price, at a five point three percent interest over nine years. Question 1 Part A Regina calculates that to buy the car in Ad A, the loan would ultimately cost her $41,503. Over how many years is the loan in Ad A to be paid back?

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