Mathematics, 22.10.2020 20:01 zgueyeu

6) Gabriel needs to replace the roof on his house. The cost of replacing it, including labor, is $3,260.00. He can apply for a 5 year loan or a 3 year loan to pay for it. Both loans involve simple interest with an annual interest
rate of 7.2%. If Brian applies for the 5 year loan, how much more will he pay in interest than with the 3 year
loan?
A) $469.44
B) $704.16
C) $1173.60
D) $599.13

Answers: 3

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