45.908 / 300.6 = 0.152721224
:)
Answer:
relative
Step-by-step explanation:
Step-by-step explanation:
So the general formula for compound interest is
where r is the interest rate, t is the time in years, and n is the amount of compounds per year. So plugging in the values for both equations you'll get
Opportunity Loans:




Now to find the interest accrued on this loan you simply subtract 1600 from the A or final amount

General Loans:




To find the interest we do the same thing we did in the previous problem

Opportunity loans has the least amount of interest after a year