Question
Steven borrowed $5000.00 from bank a for a 3% per annum for 3 years Fred borrowed $5000.00 from bank b for a 4% for 2 years who pays more interest on his loan
Answers
well, compare the two amounts
5000*.03*3
5000*.04*2
5000*.03*3
5000*.04*2
Related Questions
A person borrowed Rs.500 @ 3% per annum S.I. and Rs.600 @ 4.5% per annum on the agreement that the w...
Mr. Jackson borrowed $5340 from a bank at 9.5% per annum simple interest for 5 years. Determine: The...
2. Dr. Enriquez borrowed $6,370 from the National Bank of Belize at 7.25 per cent per annum simple i...
Mr. X borrowed 8,000 from a bank on compound interest at the rate of 12% per annum for 3 years and l...