Question

Kiko and mato each took out a loan for $5,000 from the bank. kika has an interest rate of 5.2% and he plans to repay the loan in 5 years. mato has an interest rate of 7.5% and he plans to repay the loan in 24 months. who will pay more in interest, and about how much more will he pay?
select one:

a kika, $550

b kika, $700

c mato, $700

d mato, $300

Answer 1

It will be b : KikaKika 700:

Step-by-step explanation: