Question: Beth has just borrowed $ 8 comma 9 0 0 on a four - year loan at 8 % simple interest. Using the simple interest

Beth has just borrowed $8 comma 900 on a four-year loan at 8% simple interest. Using the simple interest method, her payments would be $217.28. What if Beth had made the same loan as an add-on interest loan? How would her payments differ? Why is there a difference?
Part 2
With an add-on interest loan, Beth's payments would be $
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