54.4k views
21 votes
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
by
3.6k points

1 Answer

5 votes

Answer:

1%

NO Step-by-step explanation:

User Jakob Vad Nielsen
by
3.5k points