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Sav [38]
3 years ago
14

Bank "A" is offering 2% interest and a $100 debit card on a newly opened savings account with a minimum balance of $1,000 for on

e year. Bank "B" is offering 5% interest and a $50 debit card on a newly opened savings account with a minimum balance of $1,000 for one year. Assuming you deposit $1,000, which has the better return (interest plus card value) FOR THE FIRST MONTH?
Business
2 answers:
charle [14.2K]3 years ago
4 0

Answer:

Explanation:

On the offer of Bank A , the total return ( annual ) for deposit holder

= 2%of 1000 + 100 = 120 dollar

On the offer of Bank B , the total return ( annual ) for deposit holder

= 5%of 1000 + 50 = 100 dollar

Hence the offer of bank A is better in terms of return.

lions [1.4K]3 years ago
4 0

Answer:

The Answer is Bank A

Explanation:

Bank A is offering =(Card Value+ interest on saving account i.e $100+1000*2%/12)=$101.667

Bank  B is offering=(Card Value+ interest on saving account  i.e $50+1000*5%/12)=$54.1667

So the Answer is Bank A because the debit  card value of Bank A is greater than Bank B. Therefore  overall benefit and return is better of Bank A.

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Answer:

File-Sharing and Copyrights

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Copyright infringement is like plagiarism.  It is the wrongful use of another person's copyrighted works or words, as if they were their own and without obtaining copyright permission from the copyright owner.  It is illegal while plagiarism is unethical.

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