Mathematics

5 April, 11:17

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

+2

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