Mathematics, 04.03.2020 02:24 trekey36
Sarah takes out a loan for $30,000. She has two choices for the loan; a 5 year loan with 5% simple interest or a 7 year loan with 4% compound interest. What is the difference in the amount of interest she would owe?
Question 5 options:
$1,189.50
$31,977.95
$1,977.95
$900
Answers: 3
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Sarah takes out a loan for $30,000. She has two choices for the loan; a 5 year loan with 5% simple i...
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