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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Suraj Pathak asked Feb 11, 2022

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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?

Mathematics
high-school

Suraj Pathak asked Feb 11, 2022

by Suraj Pathak

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19 votes

Answer:

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

Explanation:

Vincent Tang answered Feb 13, 2022

by Vincent Tang

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19 votes

Answer:

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

Explanation:

I hope this helps u! :D

Hisbvdis answered Feb 16, 2022

by Hisbvdis

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