BethenyH628671 BethenyH628671

28-10-2022
Mathematics

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which is the best estimate of the amount of interest you will save if if you take the 5% of loan instead of the 6% loan?

which is the best estimate of the amount of interest you will save if if you take the 5 of loan instead of the 6 loan class=

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HarlynnI447283 HarlynnI447283

28-10-2022

For the 5% loan, you will pay a total of:

[tex]219\cdot25=5475[/tex]

For the 6% loan, you will pay a total of:

[tex]221\cdot25=5525[/tex]

if if you take the 5% of loan instead of the 6% loan you will save:

[tex]5525-5475=50[/tex]

Answer:

$50

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