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ExtremeBDS
[4]
3 years ago
7
Sarah takes out a loan for $30,000. She has two choices for the loan; a 5 year loan with 5% simple interest or a 7 year loan wit
h 4% compound interest. What is the difference in the amount of interest she would owe?
Question 5 options:
$1,189.50
$31,977.95
$1,977.95
$900
Mathematics
Answer
Comment
Send
1
answer:
Karo-lina-s
[1.5K]
3 years ago
5
0
Answer: Is 1,977.95
Have a great day btw
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