Mathematics, 13.02.2020 05:15, dragpack70

You want to borrow $2,000. You can get 3-year loan with a 15% simple interest rate or a 5-year loan with a 10% simple interest rate. Which loan costs less?

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You want to borrow $2,000. You can get 3-year loan with a 15% simple interest rate or a 5-year loan...