Mathematics, 26.01.2022 09:00 xojade
A bank offers loans with simple interest rates for those who qualify. If the principal is the same for each, which two plans charge the least interest?
A. Plan A: a 20% interest rate to be paid off in 5 years
B. Plan B: a 10% interest rate to be paid off in 8 years
C. Plan C: a 5% interest rate to be paid off in 15 years
D. Plan D: a 25% interest rate to be paid off in 18 months.
Answers: 1
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A bank offers loans with simple interest rates for those who qualify. If the principal is the same f...
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