Question

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?

Answer 1

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.

Answer 2

@knov Thank you so much!

Answer 3

no problem