Mathematics, 06.11.2020 01:00 heggestade

Steven is taking out a loan in the amount of $5,000. His choices are a 3-year loan at 5% simple interest and a 5 -year loan at 4% simple interest. What is the difference in the amount of interest Steven would have to pay for each of these two loans?

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Steven is taking out a loan in the amount of $5,000. His choices are a 3-year loan at 5% simple inte...

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