When choosing a loan, it's important to choose a loan with a lower interest.
In this scenario, an auto loan offering 10% as interest was given and another interest rate that offers an interest rate of 12%.
An auto loan is a loan that's taken by a borrower in order to buy a car. Both of the loans offer a limit of $10000. In order to reduce that amount that'll be returned back, it's better to choose the loan that has a lower interest rate.
Read related link on:
https://brainly.com/question/19222107