Mathematics, 13.01.2021 20:00 heyhowdy
Dylan is looking to take out a bank loan for $11,500 and he has two options.
Option A: 3.8% compounded annually for 3 years
Option B: 3.8% Simple Interest for 3 years
Which Option should he choose? How much money will he save by choosing this option?
A-Option A, $50.49
B-Option B, $50.49
C-Option A, $11,550.45
D-Option B, $11,550.45
Answers: 3
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Dylan is looking to take out a bank loan for $11,500 and he has two options.
Option A: 3.8% compoun...
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