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Paige is taking out a loan in the amount of $10,000. Her choices for the loan are a 4-year loan at 4% simple interest and a 6-year loan at 5% simple interest. What is the difference in the amount of interest Paige would have to pay for each of these two loans?

User Alexgolec
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Answer:

1%

NO Step-by-step explanation:

User Jakob Vad Nielsen
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