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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

Respuesta :

tolaosunrinde

Answer: A

Step-by-step explanation:

The shorter the loan tenor, the lower the interest

zak94
That’s answer is A and An 18 month load with 5.00% annual simple........

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