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PLEASE HELPPPPP!! Eddy needs a $3,000 loan in order to buy a car. Which loan option would allow him to pay the LEAST amount of interest? A) An 18-month loan with a 5.00% annual …
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PLEASE HELPPPPP!! Eddy needs a $3,000 loan in order to buy a car. Which loan option would allow him to pay the LEAST amount of interest? A) An 18-month loan with a 5.00% annual …
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Jun 4, 2021
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PLEASE HELPPPPP!! Eddy needs a $3,000 loan in order to buy a car. Which loan option would allow him to pay the LEAST amount of interest?
A) An 18-month loan with a 5.00% annual simple interest rate.
B) A 24-month loan with a 4.75% annual simple interest rate.
C) A 30-month loan with a 4.25% annual simple interest rate.
D) A 36-month loan with a 4.00% annual simple interest rate
Mathematics
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Sandi
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That’s answer is A and An 18 month load with 5.00% annual simple........
Rosalva
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Jun 5, 2021
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Answer: A
Explanation:
The shorter the loan tenor, the lower the interest
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Jun 8, 2021
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