April and May both took out loans to purchase a $25,000 car. April borrowed
$25,000 at 4% simple interest for 5 years. May borrowed $25,000 at 3.75% simple
interest for 6 years. What is the difference in the amount of interest owed?

$625

Step-by-step explanation:

-This is a simple interest problem of the form:

where:

#The respective interests can then be calculated as follows:

Hence, the difference in the amount of interest is $625

answer: 298143

step-by-step explanation:

1/4 because there is 4 grades.