Mathematics
Mathematics, 10.02.2021 03:50, ap319773

Kika and Mato each took out a simple interest 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 2 years. Who will pay more in interest, and about how much more will he pay?

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Kika and Mato each took out a simple interest loan for $5,000 from the bank. Kika has an interest ra...

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