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Compare two loans for 5000 dollars. the 5 year has a 5% simple interest rate the 6% loan has a 4% simple interest rate which loan costs less

Compare two loans for 5000 dollars. the 5 year has a 5% simple interest rate the 6% loan has a 4% simple interest rate which loan costs less
asked 41.6k views
4 votes
compare two loans for 5000 dollars. the 5 year has a 5% simple interest rate the 6% loan has a 4% simple interest rate which loan costs less

asked
User Trinitrotoluene
by
8.2k points

1 Answer

3 votes
any answer things? :/
answered
User Techneaz
by
8.4k points
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