1) Peggy pays £9.35 weekly interest on a loan of £550
Ciara pays £8.93 weekly interest on a loan of £470
Work out who pays the higher rate of interest and by how much.
2)Aaliyah takes out a loan of £3600 to buy a new car.
She pays £691.20 simple interest monthly for two years
a. Work out the rate of interest
b. Work out her total interest payment as a percentage of the original loan.
Can someone please show me EXACTLY how to work this out?
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