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