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Clarissa needs a $2,500 loan in order to buy a car. Which loan option would allow her to pay the least amount of interest?
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18 votes
18 votes
Clarissa needs a $2,500 loan in order to buy a car. Which loan option would allow her to pay the least amount of interest?

User Suraj Pathak
by
2.9k points

2 Answers

19 votes
19 votes

Answer:

18 months loan and with a 4.75% annual simple interest rate

Explanation:

User Vincent Tang
by
3.4k points
19 votes
19 votes

Answer:

An 18-month loan with a 4.75% annual simple interest rate

Explanation:

I hope this helps u! :D

User Hisbvdis
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3.0k points
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