Mathematics, 23.04.2021 23:50, dominaricann2451

Kika 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? A:Kika; $300
B:Kika; $700
C:Mato; $700
D:Mato; $300

Answers: 3

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Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and...