dylanhightower0307 dylanhightower0307

18-05-2020
Mathematics

contestada

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%

Respuesta :

alistersuares alistersuares

19-05-2020

Answer: si = 1500 ci =1250

Step-by-step explanation:

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