Mathematics, 15.06.2021 19:00 lululoveee3433
Mary wants to borrow $42 000 for two years. Bank A will charge
her 4% simple interest. Bank B will charge her 4% interest but
the interest will be compounded every six months.
a) Calculate the interest Mary will pay to Bank A.
b) Calculate the interest Mary will pay to Bank B.
c) Which is the better deal for Mary, and how much will she save?
Answers: 2
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Mary wants to borrow $42 000 for two years. Bank A will charge
her 4% simple interest. Bank B will...
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