0. 37 is the answer
At a local bank, the interest rate on a $3,500 personal loan with a 3-year term depends on a persons credit. A person with excel
lent credit would qualify for a 6% interest rate while a person with poor credit would qualify for a 20% interest rate. After repaying the loan, how much more interest would a person with poor credit pay compared to a person with excellent credit?
1 answer:
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