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A saxophone costs $1200. A store offers two loan options. Which options saves more money if you pay the loan in 2 years? option 1.) 75 dollar cash back with 3.5% simple interest option 2.) no interest
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A saxophone costs $1200. A store offers two loan options. Which options saves more money if you pay the loan in 2 years?

option 1.)

75 dollar cash back with 3.5% simple interest

option 2.) no interest for 2 years

User Rob Gordijn
by
7.8k points

1 Answer

5 votes
Option 2.)
(Please correct me if I'm wrong)
User Yoohoo
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7.6k points
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