Question

Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and he plans to repay the loan in 5 years. Mato has an interest rate of 7.5%, and he plans to repay the loan in 24 months. Who will pay more in interest, and about how much more will he pay?

Answer 1

its kika 700

Step-by-step explanation-

i took the math test and got it right