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4 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

1 answer:

Karo-lina-s [1.5K]4 years ago

5 0

Answer: Is 1,977.95

Have a great day btw

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