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OpenStudy (sugardemonhunters):
Please answer asap! 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?
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OpenStudy (knov):
it's 216. she will pay the monthly payment for 3 years which is 36 months. and for month she pays 6 dollars more than tina's. multiply 6 dollars for 36 months and get the result.
OpenStudy (sugardemonhunters):
@knov Thank you so much!
OpenStudy (knov):
no problem
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