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AlexFokin [52]
3 years ago
8

-6 George has a choice of a $7,200, simple interest loan at 3.8% that he has to start paying back after 3 years, or a $7,500, an

nual compound interest loan at 3.5% that he also has to start paying back after 3 years. Which method should he choose, simple or compound, and how much less interest will he owe using that method? (8.1A, 8.1B, 8.1C, 8.16) F Compound interest; $79.03 G Simple interest; $79.03 H Compound interest; $5.42 J Simple interest; $5.42​

Mathematics
1 answer:
Levart [38]3 years ago
3 0

Answer:

Compound interest; $5.42

Step-by-step explanation:

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Answer:

0.4 or \frac{2}{5}

Step-by-step explanation:

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Step-by-step explanation:

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