Question

There is typically a significant difference in loan interest rates between _______.

A. new cars and used cars


B.There is no significant difference in loan interest rates.


C. used cars and refinanced cars


D. new cars and refinanced cars

Answer 1

Answer:

option A) New cars and used cars is correct option.

Step-by-step explanation:

loan Interest rate can be defined as the percentage of a loan paid by borrowers to lenders. For most loans, interest is paid in addition to principal repayment in order to compound over time.

since new cars have  more price than old cars that's why new cars have more greater loan interest than old cars

hence option a is correct