Hilda is taking out an $11,000 personal loan that she will

Last updated: 7/17/2022

Hilda is taking out an $11,000 personal loan that she will repay in 5 years. If she receives a 10% interest rate, her monthly payments will be $233.72. If she receives an 18% interest rate, her monthly payments will be $279.33. How much less interest will Hilda pay in interest if she qualifies for the lower interest rate?