Mathematics: Two customers took out car loans from a bank. Robert took out a 4-year loan for $30,000 and paid 4.9% annual simple interest. Susan took out a 6-year loan for $30,000 and paid 4.5% annual simple interest. What is the difference between the amounts of interest Robert and Susan paid for their car loans? Enter your answer in the box.

Two customers took out car loans from a bank. Robert

cat123ha

08.04.2021

Susan paid $2220 more

Step-by-step explanation:

Use the interest formula:

I = Prt, where P - amount of loan, r- interest rate, t- time in years

Robert:

I = 30000*(4.9/100)*4 = 5880

Susan:

I = 30000*(4.5/100)*6 = 8100

Difference in amounts of interest:

8100 - 5880 = 2220

Susan paid $2220 more

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elianagilbert3p3hh63

08.04.2021

$2220

Step-by-step explanation:

I took the test and made a 100%

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lexybellx3

14.03.2022

Both 1 and 2 because they have an equal sign which means it’s an equation

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