How much can be saved in total interest by financing $120,000 at
8.00% for 25 years rather than 8.50% for 25 years?

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

susie has 7 apples

step-by-step explanation:

for exempl this   system of equations   y = x - 3

                                                                y = 2x - 5

look   the line : y = x -3     ( red)

                            the line : y = 2x -5 ( bleus)