IDNLearn.com offers a comprehensive platform for finding and sharing knowledge. Get comprehensive answers to all your questions from our network of experienced experts.
Tony is taking out a simple interest loan for $9,000 in order to open a skateboard shop. Which loan terms would allow Tony to pay the least amount of interest on the loan?
A. An interest rate of 7.5 % and a loan period of 2 years.
B.An interest rate of 2.5 % and a loan period of 3 years.
C.An interest rate of 2% and a loan period of 4 years.
D. An interest rate of 4% and a loan period of 5 years.
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.
