Mathematics, 21.01.2021 01:00 elizabethivy75

Bank A is offering a loan with a simple interest rate of 8% for 2 years. Bank B is offering a loan with a simple interest rate of 6.5% for 3 years. Assuming the monthly payments are equal, what is the monthly payment for the four wheeler from Bank A? from Bank B?

The Four Wheeler costs 5400$

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Bank A is offering a loan with a simple interest rate of 8% for 2 years. Bank B is offering a loan with a simple interest rate of 6.5% for 3 years. Assuming the monthly payments are equal, what is the monthly payment for the four wheeler from Bank A? from Bank B? The Four Wheeler costs 5400$

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Another question on Mathematics

Bank A is offering a loan with a simple interest rate of 8% for 2 years. Bank B is offering a loan with a simple interest rate of 6.5% for 3 years. Assuming the monthly payments are equal, what is the monthly payment for the four wheeler from Bank A? from Bank B?

The Four Wheeler costs 5400$