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2 years ago

13

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 fo

r 6 years Which is a better deal?
They are the same
Bank B
Bank A

2 answers:

motikmotik2 years ago

8 0

Answer:

the same

Step-by-step explanation:

3*5=15

2.5*6=15

Andrew [12]2 years ago

6 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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