Mathematics, 22.01.2021 18:10 lindseybug
Khloe wants to borrow $6000. She has two options for a loan. Loan #1 is for 6 years at 712%simple interest. Loan #2 is for 54 months at 6.25% simple interest. Calculate the simple interest on both loans using the simple interest formula. Please number your responses.
1) How much interest would loan #1 have?
2) How much interest would loan #2 have?
3) Which is a better loan and why?
plz help
Answers: 1
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Khloe wants to borrow $6000. She has two options for a loan. Loan #1 is for 6 years at 712%simple in...
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