Mathematics, 13.01.2021 20:30 maddyleighanne

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? Option A, $50.49 Option A, $50.49 Option B, $50.49 Option B, $50.49 Option A, $11,550.45 Option A, $11,550.45 Option B, $11,550.45

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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% compound...

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