Please explain how you would get the answer no need to solve


brooke needs a $6,000 personal loan.

which loan option would allow her to pay back the least amount of money?

question 1 options:

24-month loan with an 8% annual simple interest rate


36-month loan with a 6% annual simple interest rate


60-month loan with a 4% annual simple interest rate


72-month loan with a 2% annual simple interest rate



Answer :

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