Which interest rate and time would result in the lowest total loan repayment for a %50,000 loan earning simple interest? A. 30 years at 3%
B.25 years at 3.5%
C.15 years at 6%
D 20 years at 4.5%

Choice B

Explanation:

Convert each percentage mentioned to decimal form. Example: 3% = 0.03

Then multiply each time value with the decimal form of the interest rate.

Choice B yields the smallest result, so it will lead to the lowest amount of interest to pay on top of the principal. Therefore, option B is the best route to have the lowest total repayment.

step-by-step explanation:

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a) 0

step-by-step explanation:

i^413 x i^0 = 0 as any number multiplied by a zero is

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