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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?

which is the best estimate of the amount of interest you will save if if you take-example-1

1 Answer

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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:


5525-5475=50

Answer:

$50

User Syed Mehtab Hassan
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