Question

Joanie takes out a loan from a finance company in order to buy a new car. The following table shows the terms of the loan. What would happen if Joanne put the same amount of money in her savings account, at 2 percent interest, for 48 months?

Answer 1

If Joanne put the same amount of money in her savings account, at 2 percent interest, for 48 months, she would earn less from her savings account than she spends on the loan.