Mathematics, 09.03.2021 01:20 tdahna0403

Two customers took out loans from a bank. Henry took out a 4-year loan for $4,000 and paid 3.4% annual simple interest.
Ingrid took out a 2-year loan for $5,000 and paid 2.4% interest compounded annually.
What is the difference between the amounts of interest Henry and Ingrid paid for their loans?
A. $4,698.88
B. $244.88
C. $544.00
D. 301.12

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Two customers took out loans from a bank. Henry took out a 4-year loan for $4,000 and paid 3.4% ann...

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