Shana plans to borrow $1,300 to buy a guitar. One bank is offering a simple interest rate of 5% per year on borrowed amounts. Another bank is offering a simple interest rate of 4%. Shana plans to repay the loan in 3 years. In dollars, how much can she save by borrowing from the bank with the lower interest rate? Record your answer in the box.

Use a calculator to verify that σ(x) = 62, σ(x2) = 1034, σ(y) = 644, σ(y2) = 93,438, and σ(x y) = 9,622. compute r. (enter a number. round your answer to three decimal places.) as x increases from 3 to 22 months, does the value of r imply that y should tend to increase or decrease? explain your answer. given our value of r, y should tend to increase as x increases. given our value of r, we can not draw any conclusions for the behavior of y as x increases. given our value of r, y should tend to remain constant as x increases. given our value of r, y should tend to decrease as x increases.