Differnt finacial institutions, a, b, c are offering different rates on loans if a offers 3.15% annual interst compounded monthly b offers 2.25%compounded quarterly c offers 2.05% compounded daily. dertermine which insitiution offers best deals

3.15 %

Step-by-step explanation:

    Given

3.15 % compounded monthly

2.25 % quarterly

2.05 % daily

(a)A=P

A=P

Suppose t= 1 year

A=1.031958 P

(b)A=

A=

A=1.022690 P

(iii)For 2.05 daily

A=

For t=1 year

A=1.020709 P

thus Compound interest compounded monthly at 2.05% interest offers best deal as it sums up to least.

step-by-step explanation:

i believe its "c" because all of the other options include a but it could be d because there is a way of financing with cash at certain places but its uncommon.

the multiples of 15 are 15, 30,45, 60, 75, 90, 105, 120, 135, 150, 165, 180, 195,   210, 225, 240, 255, 270, 285, 300, 315, 330, 345, 360, 375,   390, 405, 420, 435, 450, 465, 480, 495, 510, 525, 540, 555, 570, 585, 600, 615, 630, 645, 660, 675, 690, 705, 720, and 735.

the factors of 15 are 1, 3, 5, and 15.

hope that , fam!

-une, your fren : )