Mathematics, 12.05.2021 03:20 bobiscool3698

Kiko and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2% and he plans to repay the loan in 5 years. Mato has an interest rate of 7.5% and he plans to repay the loan in 24 months. Who will pay more in interest, and about how much more will he pay? Select one:

A Kika, $550

B Kika, $700

C Mato, $700

D Mato, $300

Answers: 3

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Kiko and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2% and h...