!PLEASE HELP!
Two customers took out bank loans.
• Mary took out a 4-year lo...
Mathematics, 25.03.2020 21:59 Aleja9
!PLEASE HELP!
Two customers took out bank loans.
• Mary took out a 4-year loan for $10,000 and paid 6.50% interest compounded annually
• Kyle took out a 6-year loan for $10,000 and paid 4.50% interest compounded annually
What is the difference between the amounts of interest Mary and Kyle paid for their loans?
A) $123.87
B) $157.94
C) $212.30
D) $287.69
Answers: 1
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