Problem 7 12 Calculating Interest Using the Simple Interest Formula LO7 2 Rebecca wants to buy a new saddle for her horse The one she wants usually costs $500, but this week it is on sale for $400 She does not have $400, but she could buy it with $50 down and pay the rest in 6 months with 10 percent interest What is the amount saved buying the saddle this way Note Do not round intermediate calculations Round your answer to 2 decimal places Amount saved Problem 7 12 Calculating Interest Using the Simple Interest Formula LO7 2 Rebecca wants to buy a new saddle for her horse The one she wants usually costs $500, but this week it is on sale for $400 She does not have $400, but she could buy it with $50 down and pay the rest in 6 months with 10 percent interest What is the amount saved buying the saddle this way Note Do not round intermediate calculations Round your answer to 2 decimal places

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Question: Problem 7-12 Calculating Interest Using the Simple Interest Formula [LO7-2] Rebecca wants to buy a new saddle for her horse. The one she wants usually

Problem 7-12 Calculating Interest Using the Simple Interest Formula [LO7-2] Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $500, but this week it is on sale for $400. She does not have $400, but she could buy it with $50 down and pay the rest in 6 months with 10 percent interest. What is the amount saved buying the saddle this way? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Amount saved

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