Question: jack takes a loan of $ 120000 with 12 % annual interest : the interest is paid once , at the end of the year . jill takes a loan of $ 120000 with 12 % annual interest , compounding monthly at the end of each month . at the end of one full year , compared to jack ' s loan interest , approximately how much more does jill have to repay ?
A)  zero
B)  $ 81.90
C)  $ 8190.03
D)  $ 819.00
E)  $ 8.19
Correct answer: d
Grade: 7 | Topic: Ratios and proportions | Difficulty: Hard | Standard: 7.RP.A.3