Discover a wealth of knowledge and get your questions answered on IDNLearn.com. Discover prompt and accurate answers from our experts, ensuring you get the information you need quickly.
Two customers took out automobile loans.
-Katy took out a 5-year loan for $18,000 and paid 7.00% annual simple interest.
-Frank took out a 6-year loan for $18,000 and paid 6.00% annual simple interest.
What is the difference between the amounts of interest Katy and Frank paid for their loans?
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
