Question 8 (1 point)

Question

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 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?

Question 8 options:

$417

$150

$60

$330

Answer 1

$417