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## Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and he plans to repay the loan in 5 years. M

Question

Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and he plans to repay the loan in 5 years. Mato has an

interest rate of 7.5%, and he plans to repay the loan in 24 months. Who will pay more in interest, and about how much more will he pay?

Kika: $300

Kica: $700

Mato: $300

Mato: $700

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Mathematics
3 months
2021-07-28T08:43:40+00:00
2021-07-28T08:43:40+00:00 1 Answers
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## Answers ( )

Mato I think that’s right