The principal of loan A is . Which loan has a higher annual percentage rate? What will be the total repayment for loan A, including interest? What will be the total repayment for loan B, including interest?
Accepted Solution
A:
Answer:The principal of loan A is . $15,000Loan b loan has a higher annual percentage rateThe total repayment for loan A, including interest is $22,367.32The total repayment for loan B, including interest will be $19,857.02