You purchase a car using a $20,000 loan with a 5% simple interest rate.
(a) suppose you pay the loan off after 4 years. how much interest do you pay on your loan? show your work.
(b) suppose you pay the loan off after 2 years. how much interest do you save by paying the loan off sooner? show your work.

Arefrigeration system at your company uses temperature sensors fixed to read celsius (°c) values, but the system operators in your control room understand only the fahrenheit scale. you have been asked to make a fahrenheit (°f) label for the high temperature alarm, which is set to ring whenever the system temperature rises above –10°c. what fahrenheit value should you write on the label?