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To find the difference between the amounts of interest Hank and Holly paid for their loans, we need to calculate the interest for each loan separately.
For Hank's loan:
Interest = principal * rate * time
= $5,000 * 4.50% * 4 years
= $900
For Holly's loan:
Interest = principal * rate * time
= $5,000 * 3.50% * 6 years
= $1,050
The difference in the amounts of interest paid by Hank and Holly is $1,050 - $900 = $150.