Two customers took out loans from a bank. Kadyn took out a 3-year loan for $5,000 and paid an annual simple interest rate of 5.6%. Landon took out a 4-year loan for $5,000 and paid an annual interest rate of 4.8%. What is the difference between the amounts of interest of that Kadyn and Landon paid for their loans in dollars?

Alexis needs a $1400 loan to buy a used car. Which loan option would allow her to pay the least amount of interest?

Emma is taking out a loan in the amount of $8,000. Her choices for the loan are a 5-year loan at 6% simple interest and a 7-year loan at 5% simple interest. What is the difference in the amount of interest Emma would have to pay for each of these two loans?

Tyler needs $5000 to start up a new business. Which loan option would allow him to pay the least amount of interest on the loan?

Anthony is taking out a $15000 loan to buy a new boat. What is the total amount of money he will have to pay back if the loan is for 5 years with a simple interest rate of 4.25% in dollars and cents?

Harly is borrowing $8500 to buy a motorcycle. She is considering two loans: Loan A: 4 years at 3.5% simple interest Loan B: 5 years at 3.25% simple interest How much money will Harly save if she uses Loan A?

Carson needs a $200,000 loan to buy a house. True Savings Bank offers a 15-year loan for 4.5% simple interest. First State Bank offers a 30-year loan for 2.5% simple interest. If Carson wants to pay as little money as possible for the house, which bank should he use to get the loan?

Melanie takes out a $300,000 loan to buy a house. The bank offers her a 30 year loan with a 4.25% simple interest rate. If Melanie makes every payment on time, how much money will Melanie end up paying to the bank at the end of the 30 years?

Tre’sean is taking out a $20,000 loan to buy a car. If he takes a 6-year loan with a 2.5% simple interest rate, how much money will Tre’sean end up paying for the car in dollars?

Lillie needs to take out a loan for $1,000. She has four different offers that are all different. Which option should Lillie take if she wants to spend the least amount of money?