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Two customers took out loans from a bank.

∙ Henry took out a 4-year loan for $5,000 and paid 4.2% annual simple interest. ∙ Ingrid took out a 6-year loan for $5,000 and paid 3.9% annual simple interest.
What is the difference between the amounts of interest Henry and Ingrid paid for their loans?

2 Answers

1 vote

Answer: 330

Explanation:

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User Shashank Bhatt
by
8.3k points
5 votes
The difference is $330 . :)
User Marek Klein
by
8.4k points
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