asked 143k views
2 votes
Henry took out a 4-year loan for $5,000 and paid 4.2% annual simple interest. Ingrid took out a 6-year loan for $5,000 and paid 3.9% annual simple interest. What is the difference between the amounts of interest Henry and Ingrid paid for their loans?

asked
User Xyene
by
7.8k points

1 Answer

4 votes

Answer:

417

Explanation:

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