ksi9ePokkeisa ksi9ePokkeisa

29-03-2016
English

Answered

Jamie and Adam each have a $12,000 loan with a 5-year term. Adam’s interest rate is 3%, and Jamie’s interest rate is 4%.

Adam’s monthly payment is $216. Jaime’s monthly payment is $221.

How much more in interest will Jamie pay?

A$300
B$960
C$1260
D$12,960

Verified Answer :

BMdNasim BMdNasim

29-03-2016

answer is 300$.. though I actually couldn't corelate the 3% and the 4% interest rates with the answer

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