AIR MATH

Math Question

Two customers took out loans from a bank.
- Henry took out a 4-year loan for \( \$ 5,000 \) and paid \( 4.2 \% \) annual simple interest.
- Ingrid took out a 6-year loan for \( \$ 5,000 \) and paid \( 3.9 \% \) annual simple interest.
What is the difference between the amounts of interest Henry and Ingrid paid for their loans?
A \( \$ 417 \)
B \( \$ 150 \)
C \( \$ 60 \)
D \( \$ 330 \)

Solution

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