Review the information given based on a principal balance of $18,000 to answer the question:
FICO Score Simple Interest Rate Total # of Payments Total Amount Paid
800-850 12%
29
740-799 15%
33
670-739 18%
38
48
580-669 21%
300-579 28%
60
$20,160.00
$20,700.00
$21,240.00
$21,780.00
$23,040.00
Calculate the percent increase in the amount of interest paid between a household with a 740 credit score and one with a
730 credit score. Round the final answer to the nearest tenth. (4 points)
O 20.0%
O 17.3%
O 19.5%
O 18.4%