Mathematics

27 March, 17:35

Which of the following two loans is the better option? Why?

Simple Interest Loan - principal P = $5000; time t = 5 years; interest rate r = 6%

Compound Interest Loan - principal P = $5000; time t = 2 1/2 years; interest rate r = 5%

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Which of the following two loans is the better option? Why? Simple Interest Loan - principal P = $5000; time t = 5 years; interest rate r = ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Is 1.32 a rational number or integer

The difference of two numbers is 5. Their sum is 21. What are the numbers?

How to multiply two mixed number fractions

Jones only tree school has 540 students 70% of these students walk to school how many students walk to school

How do I find precentges of money

New Questions in Mathematics

Find the value of f (-8) if:f (x) = 12x-29

How to explain that x/y can result in either a positive or negative quotient

Simplify 2a2b3 (4a2 + 3ab2 - ab) = ? A. 8a4b3 + 6a3b5 + 2a3b4 B. 8a4b3 + 6a3b5 - 2a3b4 C. 8a4b5 + 3a3b5 - 2a3b4 D. 8a4b5 + 3a3b5 + 2a3b4

If m squared minus 5 over 2 m equals negative 11 over 2 what does m equal

Complete the number sentence to show an example of the distributive property 3x6