Bank A is offering a loan with a simple interest rate of 8% for 2 years. Bank B is offering a loan with a simple interest rate of 6.5% for 3

Question

Bank A is offering a loan with a simple interest rate of 8% for 2 years. Bank B is offering a loan with a simple interest rate of 6.5% for 3 years.

Assuming the monthly payments are equal, what is the monthly payment for the four wheeler from Bank A? from Bank B?

The Four Wheeler costs 5400$

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Philomena 4 years 2021-07-30T10:00:09+00:00 2 Answers 113 views 0

Answers ( )

  1. RobertKer
    0
    2021-07-30T10:01:38+00:00
    Reply

    It would be 2367 from a to b

  2. thanhcong
    0
    2021-07-30T10:02:05+00:00
    Reply

    Answer:

    it would be 2367 from a to b

    Step-by-step explanation:

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