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17 January, 16:58

Anthony and Carl each have a loan for $8100. They each have a loan term of 6 years. The interest rate on Anthony's loan is 3% and the interest rate on Carl's loan 5%. Anthony's monthly payment is $123 and Carl's monthly payment is $130, how much more in interest will Carl pay than Anthony?

A.

$123

B.

$130

C.

$504

D.

$756

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Answers (1)
  1. 17 January, 18:06
    0
    The answer is C - $504
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