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? Question 5 options: $3,750 $4,550 $1,800 $1,950

The difference in the amount of interests is $1950.

Step-by-step explanation:

The loan amount is $15,000.

There are two options fro Stephanie to take her loan of $15,000.

To find the amount of interest, the formula used is :

Interest =

where,

In the first case, P= 15,000 and r= 3 and n=4.

Interest =

⇒

⇒ 1800

The interest amount is $1800.

In the second case, P= 15,000 and r= 5 and n=5.

Interest =

⇒

⇒ 3750

The interest amount is $3750.

The difference in the amount of interest Stephanie would have to pay for each of these two loans = amount of interest from 2nd option - amount of interest from 1st option.

⇒ 3750 - 1800

⇒ 1950

The difference in the amount of interests is $1950.

walter needs to make at least 5 more cookies but no more than 40. 5 ≥ x ≥ 40;

step-by-step explanation:

walter has to make a minimum of 20 cookies. he already has 15 cookies made, so he must make 5 more to meet the minimum.

the maximum amount of cookies he can make is 55. he already has 15, so he has to make no more than 40 more cookies to meet the maximum.