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Kiko 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?

select one:

a kika, $550

b kika, $700

c mato, $700

d mato, $300

1 Answer

9 votes

It will be b : KikaKika 700:

Explanation:

User Allan Wintersieck
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