Algebra
posted by Jewel .
This assignment is about a car loan.
A financial institution in your community is advertising "Simple Interest Car Loans." Here is their ad. "Looking for an attractive loan for the car of your dreams? Well, look no more. Come in and show us your car deal. We will match any car loan and reduce the interest rate by 1%, with our "simple interest car loan." No down payment needed, and no tradeins. Our loans must have a minimum interest rate of .5% I hope you can help me. Thank you.

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Looking for an attractive loan for the car of your dreams? Well, you have to look no more. Come in and show us your car deal. We will match any car loan and reduce the interest rate by 1%, with our “simple interest car loan”. No down payment needed, and no tradeins. Our loans must have a minimum interest rate of .5%."
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