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Tony is taking out a simple interest loan for $9,000 in order to open a skateboard shop. Which loan terms would allow Tony to pay the least amount of interest on the loan?

A. An interest rate of 7.5 % and a loan period of 2 years.

B.An interest rate of 2.5 % and a loan period of 3 years.

C.An interest rate of 2% and a loan period of 4 years.

D. An interest rate of 4% and a loan period of 5 years.​

Sagot :

Answer

It would be C

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