Which of the following loans has the lowest yearly interest?
a. $30,000 loan at a rate of 7.25%
b. $25,000 loan at a rate of 8.5%
c. $40,000 loan at a rate of 6%
d. $35,000 loan at a rate of 8%
Answer: B
Which of the following loans has the lowest yearly interest?
a. $30,000 loan at a rate of 7.25%
b. $25,000 loan at a rate of 8.5%
c. $40,000 loan at a rate of 6%
d. $35,000 loan at a rate of 8%
Answer: B