Project #162534 - The Interest Formula

Mathematics Tutors

Subject Mathematics
Due By (Pacific Time) 01/10/2017 05:02 pm

Miri needs a $7,500 loan for 1 year. One bank is offering a 4.5% interest rate. Another offers a 3% interest rate if she borrows $10,000. Which loan will she pay less interest on? Is that a better loan? Explain

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