Mathematics, 26.04.2021 23:10 Jasoncookies23

Lin is taking out a loan in the amount of $575. Her choices
for the loan are a 7-year loan at 4.5%
simple interest and 8-year loan at
3.9% simple interest. What is the
difference in the amount of interest Lin
would have to pay for each of these
two loans? (Round to the nearest cent)

Answers: 2

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Lin is taking out a loan in the amount of $575. Her choices
for the loan are a 7-year loan...

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Lin is taking out a loan in the amount of $575. Her choices for the loan are a 7-year loan at 4.5% simple interest and 8-year loan at 3.9% simple interest. What is the difference in the amount of interest Lin would have to pay for each of these two loans? (Round to the nearest cent)

Answers

Another question on Mathematics

Lin is taking out a loan in the amount of $575. Her choices
for the loan are a 7-year loan at 4.5%
simple interest and 8-year loan at
3.9% simple interest. What is the
difference in the amount of interest Lin
would have to pay for each of these
two loans? (Round to the nearest cent)