Answer: Phase Shift, Period Change
Step-by-step explanation:
Answer:
Bank A
Step-by-step explanation:
Loan amount = 650000
Bank A:
Simple interest after 3 years :
Loan amount * rate * time
650000 * 0.1 * 3 = 195,000
Bank B:
Compound interest formula :
A = P(1 + r/n)^nt
n = number of compounding times per period
A = 650000( 1 + 0.09/ 12)^12*3
A = 650000(1.0075)^36
A = 650000 * 1.3086453
A = 850619.49
Interest on payment = 850619.49 - 650,000 = 200619.49
Interest on Bank A product is lesser than Bank B
-8 < 2x-4 > 4
-4 < 2x > 8
-2 < x > 4
x > 4
