Two 3-year loans were made.
I $5,200 at 4% simple interest.
II $4,000 at 5% compound interes...
Mathematics, 20.04.2021 02:40 RIZGT500
Two 3-year loans were made.
I $5,200 at 4% simple interest.
II $4,000 at 5% compound interest
Which loan will produce less interest on its account and by how much?
o Loan I, by $6.50
o Loan II, by $49.30
o Loan I, by $18.90
o Loan II, by $24.00
Answers: 1
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