164k views
2 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 Pasted
by
3.2k points

2 Answers

2 votes

Answer:

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

Explanation:

User Raxit Sheth
by
3.7k points
6 votes

Answer:

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

Explanation:

I hope this helps u! :D

User Aguayma
by
3.4k points