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Mathematics, 14.05.2021 19:00 Fahaddie

Nicholas is taking out a loan in the amount of $7,000. His choices are a 4-year loan at 3% simple interest or a 2-year loan at 5% simple interest. What is the difference in the amount of interest Nicholas would have to pay for each of these two loans? A. $1,540 B. S140 C. $840 D. $700

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