Mathematics, 23.03.2020 19:49 Cutegirlrocks1071
Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan are a 5-year loan at 5.00%
annual simple interest and a 7-year loan at 6.00% annual simple interest. What is the difference in the amount of interest Henry
would have to pay for these two loans?
$850
$1,700
$2,500
$4,200
Answers: 3
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Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan a...
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