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Miles is buying a new computer for $1,.150. He is considering twO credit options. Option A offers a 3 year loan witha 10% simple interest rate while Option B offers a 5 year loan with a 6.5% simple interest rate. Which is the better option and how much will he save? A) A; $28.75 win a radio contest B) A; $32.50 raise money for charity CI B: $29 75

Miles is buying a new computer for $1,.150. He is considering twO credit options. Option A offers a 3 year loan witha 10% simple interest rate while Option B offers a 5 year loan with a 6.5% simple interest rate. Which is the better option and how much will he save? A) A; $28.75 win a radio contest B) A; $32.50 raise money for charity CI B: $29 75

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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10 Miles is buying a new computer for $1,.150. He is considering two credit options. Option A offers a 3 year loan with a 10% simple interest rate while Option B offers a 5 year loan with a 6.5% simple interest rate. Which is the better option and how much will he save? A) A: $28.75 win a radio contest B) A; $32.50 raise money for charity C) B; $28.75 get attention D) B: $32.50 do something crazy Gina Whon (al Thin bral, 2015
Transcribed Image Text:10 Miles is buying a new computer for $1,.150. He is considering two credit options. Option A offers a 3 year loan with a 10% simple interest rate while Option B offers a 5 year loan with a 6.5% simple interest rate. Which is the better option and how much will he save? A) A: $28.75 win a radio contest B) A; $32.50 raise money for charity C) B; $28.75 get attention D) B: $32.50 do something crazy Gina Whon (al Thin bral, 2015
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