Answer:
<h2>
Payday Lenders.</h2><h2>
Banks.</h2>
Step-by-step explanation:
Payday Lenders offer short-term credit at very high interest rates, while Banks typically provide credit for purchasing items on an installment basis.
A payday loan is a small loan/short-term which has high interest rate.
On the other hand, banks lender money for purchase things through credit cards, where you will pay on an installment basis, slowly, with lower interests.
Therefore, the right answers are Payday Lenders and Banks.
Answer:
3
Step-by-step explanation:
I'm confused as to what you are asking but if it's multiple choice on what the first line means than the answer is 3
-1 would be your answer to this problem
Answer:
Rs 38,640
Step-by-step explanation:
<u>Pay attention:</u>
The principle (p) : Rs 42,000
Rate of interest (r) : 8%
Time (n) : 1 years
Exact Amount (a) : P(1-R/100)^n
Value:
A = 42,000(1 - 8/100)^1
A = 42,000(1 - 2/25)
A = (42,000 * 23)/25
A = 1,680 * 23
A = Rs 38,640