Question

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?

Answer 1

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