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Mathematics, 17.05.2021 20:50 eross92604

Two 3-year loans were made. I $5,200 at 4% simple interest.

II $4,000 at 5% compound interest

Which loan will produce less interest on its account and by how much?

A. Loan I, by $6.50

B. Loan II, by $49.30

C. Loan I, by $18.90

D. Loan II, by $24.00

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Two 3-year loans were made. I $5,200 at 4% simple interest.

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