Henry to out a 4-year loan for $5,000 paid 4.2% annual simple interest.Ingrid took 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

2 answers

Harry: 5000 * .042 * 5
Ingrid: 5000 * .039 * 5
difference: 5000 * .003 * 5 = ____
330
Similar Questions
  1. Question 8 (1 point)Two customers took out loans from a bank. Henry took out a 4-year loan for $5,000 and paid 4.2% annual
    1. answers icon 1 answer
  2. Two customers took out loans from a bank.Henry took out a 4-year loan for $5,000 and paid 4.2% annual simple interest. Ingrid
    1. answers icon 1 answer
  3. Two customers took out loans from a bank.Henry took out a 4-year loan for $5,000 and paid 4.2% annual simple interest. Ingred
    1. answers icon 1 answer
  4. Two customers took out loans from a bank.Jarrod took out a 5-year loan for $4,000 and paid 3.2% annual simple interest. Harold
    1. answers icon 1 answer
more similar questions