document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=513648>Question 513648</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #343099 by </B><A HREF=/tutors/aboutme.mpl?userid=Maths68><B>Maths68(1474)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Maths68><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Maths68><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=343099\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Difference in %age =12.25-11.5=0.75%<BR>\n" );
document.write( "0.75% of $8,000 = (.75*8000)/100=60<BR>\n" );
document.write( "He will save $60\r<BR>\n" );
document.write( "\n" );
document.write( "Another way to solve this problem\r<BR>\n" );
document.write( "\n" );
document.write( "12.25% of 8000 = (12.25*8000)/100=980<BR>\n" );
document.write( "11.50% of 8000 = (11.5*8000)/100=920\r<BR>\n" );
document.write( "\n" );
document.write( "At bank B he will have to pay extra = 980<BR>\n" );
document.write( "At bank A he will have to pay extra = 920<BR>\n" );
document.write( "if he borrows money from Bank A he will save = 980-920=$60 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );