Question

kim personal loan of 8000 will be paid off in 5 years, but she doesn't know if she would be approve for a 6% or 12% interest rate. her monthly payment base on the interest are shown below. how much more will kim pay in interest at the end of five years if does not get approve for the 6% intrest rate?

Answer 1

1,398

Explanation:

do 154.66 times 60 bcz 60 months are in 5 yrs so 154,66 times 60 equals 9,279.6 and 177.96 times 60 equals 10,677.6 so subtract those and you will get 1,398