Becky needs a $5,000 loan in order to buy a boat. Which loan option would allow her to pay the LEAST amount of interest?
A)
A 24-month loan with a 6.25% annual simple interest rate.
B)
A 30-month loan with a 5.75% annual simple interest rate.
0)
A 36-month loan with a 4.00% annual simple interest rate.
D)
A 42-month loan with a 3.75% annual simple interest rate.