elijahbilly elijahbilly

12-11-2019
Mathematics

contestada

There are two options for borrowing $5,000 from a bank: Bank A = 3% simple interest for 5 years Bank B = 2.5% simple interest for 6 years Which is a better deal?

They are the same
Bank B
Bank A

Respuesta :

fridafajardo77 fridafajardo77

12-11-2019

BANK A:
5,000*0.03*5=750
BANK B:
5,000*0.025*6=750

They are the same

Answer Link

linusdunkin linusdunkin

12-11-2019

Answer:

the same

Step-by-step explanation:

3*5=15

2.5*6=15

Answer Link

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