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3 years ago

11

Emma found a 4% interest rate for a $2750 loan for a 3-year term. Blake found the same 4% interest rate on a $2750 loan for a 5-

year term. How much more interest will Blake pay on the $2750 loan with the longer term?

2 answers:

Sidana [21]3 years ago

6 0

0.4×2750×3
0.4×2750×4

kenny6666 [7]3 years ago

4 0

The formula is
I=prt

I1=2,750×0.04×3=330

I2=2,750×0.04×5=550

The difference (how much more)
I2-i1
550−330=220.....answer

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