Holly is taking out a loan in the
amount of $10,000, Her choices for
the loan are a 4-year loan at 4%
simple interest and a 6-year loan at
5% simple interest, What is the
difference in the amount of interest
Holly would have to pay for each of
these two loans?
$1,600
$3,000
$4,600
$1,400
D)
(8,12A)