Close 9.2 Interest Rates on Personal Loans 3 of 6 11 complete 1 correct Planning #3 (similar to): Add On Interes I Question Help Add-On Interest Loan. Both has just torrowed $7.900 on a four-year loan at 11% simple interest Doing the simple interest method, her payments would be $204.18 What if Both had made the same can as an ado on interesan? How would her payments offer? Why is there a difference? With an add-on Interest loan, Beth's payments would be s (Round to the nearest cent)