Question

Please help me i am in need of serious help or ill flunk :(

Answer 1

co.op

interest = principle * rate * time in years

8000*0.09*1= 720$

total owed =

principle + interest

8000+720= 8720$

bank

interest = principle * rate * time in years

interest = principle * rate * time in years8000*0.06*1= 480$

principle + interest

8000+480= 8480$

......

6)

Bank A

interest = 1500*2*0.18= 540$

total owed = 1500+540= 2040$

Bank B

compound interest =

1500(1+0.12)^2

compound interest= 1881.6

total owed = 1500+1881.6= 3381.6$

she should choose Bank A less total owed

she'll have to pay the bank 2040$