To finance your education, you borrow $10,000 from your aunt at an annual interest rate of 5%. If your cousin offers to lend you the same amount but suggests a lower interest rate and you take the offer, you will end up repaying your cousin _____ you would have to your aunt.
A)more than.
B)less than
C)the same amount as
D)more now but less later than

Question

Quizplus · Accepted Answer

Since the cousin is offering a lower interest rate than the aunt, the amount repayable to the cousin will be less than what would have to be repaid to the aunt.

To Finance Your Education, You Borrow $10,000 from Your Aunt