ccbird
Answered

Anthony and Carl each have a loan for $8100. They each have a loan term of 6 years. The interest rate on Anthony’s loan is 3% and the interest rate on Carl’s loan 5%. Anthony’s monthly payment is $123 and Carl’s monthly payment is $130, how much more in interest will Carl pay than Anthony?


A.

$123


B.

$130


C.

$504


D.

$756