Megan and Tina each have loans for $7000 with a 3-year loan term. Megan pays 6% interest and Tina pays 4% interest. If Megan’s monthly payment is $213 and Tina’s monthly payment is $207,
how much more in interest will Megan pay than Tina?

A.
$213

B.
$216

C.
$452

D.
$668

Question

Megan and Tina each have loans for $7000 with a 3-year loan term. Megan pays 6% interest and Tina pays 4% interest. If Megan’s monthly payment is $213 and Tina’s monthly payment is $207,
how much more in interest will Megan pay than Tina?


A.
$213
 
 B.
$216
 
 C.
$452
 
 D.
$668

amistre64 · Answer

what is your thought about the total cost of a loan?  what do we pay for when we get a loan?

anonymous · Answer

im not sure im trying to look for my notes but i cant find them