Mathematics, 25.10.2020 02:40 palmtree2759
Alondra is offered two loans for $5000 to buy her first car. She can borrow
from the First Math Bank at a rate of only 7% for a five-year loan, or she can
borrow from Bank of the Proportions at a rate of 11% for a 3-year loan,
Part 1: How much would she pay in interest for each bank?
First Math Bank:
Bank of the Proportions:
Part 2: From which bank should Alondra borrow money if she wants to pay the
least amount of interest?
First Math Bank or Bank of the Proportions
Answers: 3
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Alondra is offered two loans for $5000 to buy her first car. She can borrow
from the First Math Ban...
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