Mathematics, 18.03.2020 18:17 sharpeyennifer

Stephanie is taking out a loan in the amount of $15,000. Her choices for the loan are a 4-year loan at
3% simple interest and a 5-year loan at 5% simple interest. What is the difference in the amount of interest
Stephanie would have to pay for each of these two loans?
$1,950
$3,750
$4,550
$1,800

Answers: 1

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Stephanie is taking out a loan in the amount of $15,000. Her choices for the loan are a 4-year loan...