Question 3 Fiona and Franny were comparing balances and interest rates on their respective car loans.  At the end of last month Fiona still owed $12,300 and is paying 3.6% interest and Franny still owed $9,500 and is paying 4.66% interest.  Fiona said she was going to have a larger interest charge than Franny this month, and Franny said she was going to have a larger interest charge this than Fiona.  Which one is correct?   Group of answer choices Fiona is correct since her interest charge this month is $36.89 and Fiona's is $36.90 Fiona is correct since her interest charge this month is $36.90 and Franny's is $36.89 Franny is correct since her interest charge this month is $36.89 and Fiona's is $36.90 Franny is correct since her interest charge this month is $36.90 and Fiona's is $36.89 Neither are correct since both will have the same interest charge this month.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 6P
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Question 3
Fiona and Franny were comparing balances and interest rates on their respective car loans.  At the end of last month Fiona still owed $12,300 and is paying 3.6% interest and Franny still owed $9,500 and is paying 4.66% interest.  Fiona said she was going to have a larger interest charge than Franny this month, and Franny said she was going to have a larger interest charge this than Fiona.  Which one is correct?
 
Group of answer choices
Fiona is correct since her interest charge this month is $36.89 and Fiona's is $36.90
Fiona is correct since her interest charge this month is $36.90 and Franny's is $36.89
Franny is correct since her interest charge this month is $36.89 and Fiona's is $36.90
Franny is correct since her interest charge this month is $36.90 and Fiona's is $36.89
Neither are correct since both will have the same interest charge this month.
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