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Semmy [17]
3 years ago
12

Steven is taking out a loan in the amount of $5,000. His choices are a 3-year loan at 5% simple interest and a 5 -year loan at 4

% simple interest. What is the difference in the amount of interest Steven would have to pay for each of these two loans?
Mathematics
1 answer:
Oksana_A [137]3 years ago
4 0
For 5% you would have to pay 5,250 4% 5,200
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