26-01-2021
Mathematics

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Darious the Dot Dude is taking out a
$10,000 loan to buy a car.
His choices for the loan are a
5 year loan at 3% simple interest or a
6 year loan at 4% simple interest.
What is the difference in the amount of interest
Darious would have to pay for each of these two loans?

Darious the Dot Dude is taking out a 10000 loan to buy a car His choices for the loan are a 5 year loan at 3 simple interest or a 6 year loan at 4 simple inter class=

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bexwhite2610 bexwhite2610

26-01-2021

Answer:

10000/100 X 3= 300

300 X 5 = 1500

10000/100 X 4 = 400

400 X 6 = 2400

2400 - 1500 = 900

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