Mathematics, 10.07.2021 06:00 noeltan12031

Emily wants to buy a car. She has a choice between two different banks. One bank is offering a simple interest rate of 4.5% and the other bank is offering a rate of 4.5% compounded annually. Which is the better deal?

A.) a simple interest rate of 4.5%

B.) a compound interest rate of 4.5%

Answers: 1

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More questions: Mathematics Another questions

Emily wants to buy a car. She has a choice between two different banks. One bank is offering a simple interest rate of 4.5% and the other bank is offering a rate of 4.5% compounded annually. Which is the better deal? A.) a simple interest rate of 4.5% B.) a compound interest rate of 4.5%

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Another question on Mathematics

Emily wants to buy a car. She has a choice between two different banks. One bank is offering a simple interest rate of 4.5% and the other bank is offering a rate of 4.5% compounded annually. Which is the better deal?

A.) a simple interest rate of 4.5%

B.) a compound interest rate of 4.5%