Mathematics, 14.04.2021 23:40 johndoesnutz4690
Mark's mother is planning to borrow $25,000 to remodel the restaurant she owns. She
contacted several loan companies, and she is comparing two different options.
Company 1 offers an interest rate of 5.25%.
Company 2 offers an interest rate of 8.5%.
Both loan options involve simple interest and must be repaid in exactly 3 years. How much
more will Mark's mother pay in interest if she chooses to borrow the money from Company 2?
O $812.50
o $3,937.50
O $2,437.50
O $6,350.00
Answers: 1
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Mark's mother is planning to borrow $25,000 to remodel the restaurant she owns. She
contacted sever...
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