Given the problem above, let's compute both loans first in order to compare which is which.
Loan A $5,000 with 3.5% interest to be paid for four years
Loan B $5,000 with 3.5% interest to be paid for six years
Let's solve for the 3.5% of 5,000 so it will be 175. So every year, there is an interest of $175 per year.
so for loan A, $5000 + 175(4) = $5700
Loan B, $5,000 + 175(6) = $6,050
Based on the given results, it is loan B that will have a higher cost.
They helped introduce interchangeable parts to america
Answer:
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Explanation:
The party which holds the largest number of seats in either house of Congress is known as the majority party.
Hope this helps.
