Greg borrows $1975 at a simple interest rate of 5% for 3 years. Linda borrows $1975 at a simple interest rate of 4.5% for years. Who pays more interest at the end of their loan? How much more

Greg pays more interest than Linda

He pays $17.45 more

Step-by-step explanation:

Greg

P=$1975

R=5%=0.05

T=3 years

Simple interest=P×R×T

=$1975×0.05×3

=$296.25

Linda

P=$1975

r=4.5%=0.045

n=1

t=3

Linda's Interest is compounded once per period, so we this formula

Compound Interest =P(1+r)^t

=$1975(1+0.045)^3

=$1975(1.045)^3

=$1975(1.141166125)

=$2,253.80

Interest paid=$2,253.80-$1975

=$278.8

a line is an defined derm because it

a)contains an infinite number of points b) can be used to create other geometric shapes c)describes something that does not have width or depth d) is a term that does not have a formal definition. a line is an undefined term because it: contains an infinite number of points.

here is a big fat