Answer:
idk
Step-by-step explanation:
Simple interest = Cost Price + (Interest Percentage of Cost Price × number of years or months we are paying off)
a) SI = £20 000 + (5% of £20 000 × 4)
SI = £20 000 + (£1000 × 4)
SI = £20 000 + £4000 = £24 000
b) SI = £20 000 + (5% of £20 000 × 3)
SI = £20 000 + (£1000 × 3)
SI = £20 000 + £3000 = £23 000
£24 000 - £23 000 = £1000 that you saved!
6/7 (85%) is bigger than 3/4 (75%)
