Mathematics, 10.02.2021 21:30, kcouch2006

Two customers took out loans from a bank. • Henry took out a 4-year loan for $5,000 and paid 4.2% annual simple interest.
• Ingrid took out a 6-year loan for $5,000 and paid 3.9% annual simple interest.
What is the difference between the amounts of interest Henry and Ingrid paid for their loans?

Answers: 1

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Two customers took out loans from a bank. • Henry took out a 4-year loan for $5,000 and paid 4.2% a...