Mathematics, 04.05.2020 23:12 carlinryan

Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan are a 5-year loan at 5.00% annual simple interest and a 7-year loan at 6.00% annual simple interest. What is the difference in the amount of interest Henry would have to pay for these two loans?

A) $850

B) $1,700

C) $2,500

D) $4,200
Please answer fast

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Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan a...

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