which is the best estimate of the amount of interest you will save if if you take the 5% of loan instead of the 6% loan?

Ademola asked Dec 16, 2023

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Ademola asked Dec 16, 2023

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9 votes

For the 5% loan, you will pay a total of:

$219\cdot25=5475$

For the 6% loan, you will pay a total of:

$221\cdot25=5525$

if if you take the 5% of loan instead of the 6% loan you will save:

Answer:

$50

Shaun Taylor answered Dec 20, 2023

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