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30 March, 06:54

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

+3
Answers (2)
  1. 30 March, 07:10
    0
    the same

    Step-by-step explanation:

    3*5=15

    2.5*6=15
  2. 30 March, 07:38
    0
    BANK A:

    5,000*0.03*5=750

    BANK B:

    5,000*0.025*6=750

    They are the same
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