Mathematics, 04.05.2020 23:12 carlinryan
Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan are a 5-year loan at 5.00% annual simple interest and a 7-year loan at 6.00% annual simple interest. What is the difference in the amount of interest Henry would have to pay for these two loans?
A) $850
B) $1,700
C) $2,500
D) $4,200
Please answer fast
Answers: 2
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Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan a...
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