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A saxophone costs $1200. A store offers two loan options. Which options saves more money if you pay the loan in 2 years? option 1.) 75 dollar cash back with 3.5% simple interest…

A saxophone costs $1200. A store offers two loan options. Which options saves more money if you pay the loan in 2 years? option 1.) 75 dollar cash back with 3.5% simple interest…
asked 231k views
5 votes
A saxophone costs $1200. A store offers two loan options. Which options saves more money if you pay the loan in 2 years?

option 1.)

75 dollar cash back with 3.5% simple interest

option 2.) no interest for 2 years

asked
User Rob Gordijn
by
7.5k points

1 Answer

5 votes
Option 2.)
(Please correct me if I'm wrong)
answered
User Yoohoo
by
7.6k points
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