Angela wants to buy a car worth ₱950,000. He currently has ₱200,000 and plans to borrow the remaining ₱650,000 through the bank. Bank A offers an interest rate of 10% per year for 5 years where interest is computed on a simple interest basis. Bank B, meanwhile, offers an interest rate of 9% per year for 2 years but on monthly compounding. Both banks require payment only at the end of 3 years. Which bank's loan product should she choose?

Answers

Answer 1

Answer:

Bank A

Step-by-step explanation:

Loan amount = 650000

Bank A:

Simple interest after 3 years :

Loan amount * rate * time

650000 * 0.1 * 3 = 195,000

Bank B:

Compound interest formula :

A = P(1 + r/n)^nt

n = number of compounding times per period

A = 650000( 1 + 0.09/ 12)^12*3

A = 650000(1.0075)^36

A = 650000 * 1.3086453

A = 850619.49

Interest on payment = 850619.49 - 650,000 = 200619.49

Interest on Bank A product is lesser than Bank B


Related Questions

PLease solve it, it took me a while to save up and youll get 150 points if you get it right. dont spam/scam me please and solve it the best to your ability

Answers

Answer:

k=+8.75

Step-by-step explanation:

For each increase in time (one hour increase), the amount increased by $8.75.

example:

1 = 8.75

2 = 17.50

3 = 26.25

4 = 35.00

5 = 43.75

6 = 52.50

7 = 61.25

8 = 70.00

9 = 78.75

10 = 87.50

6y + 11
8y - 3
What is the value of y?
Р


Answers

y = 7 BECAUSE
you make it to where 6y+11=8y-3
then move the like terms to one side (y)
6y-8y=-3-11
then calculate the difference -2y=-14
divide both sides by -2
y=7

Find the distance between the two points in simplest radical form. Pleasee answer correctly !!!!!!!!!!!! Will mark Brianliest !!!!!!!!!!!!!!

Answers

Answer:

[tex]\boxed{\textsf{ The distance between the two points is \textbf{12.164 units }.}}[/tex]

Step-by-step explanation:

Two points are given to us and we need to find the distance in simplest radical form. The given two points are (3,9) & (-2,2) . So lets use Distance Formula to find the distance between them .

Distance Formula is :-

[tex]\sf\implies Distance =\sqrt{ (x_2-x_1)^2+(y_2-y_1)^2}\\\\\sf\implies Distance =\sqrt{ (-2-3)^2+(9-2)^2}\\\\\sf\implies Distance =\sqrt{ -5^2+7^2}\\\\\sf\implies Distance = \sqrt{ 25 + 49} \\\\\sf\implies Distance = \sqrt{ 74} \\\\\sf\implies Distance=\sqrt{37}\times 2\\\\\sf\implies \boxed{\pink{\sf Distance = 12.164 units .}}[/tex]

The value of a car is $15,000 and depreciates at a rate of 8% per year. What is the
exponential equation?

Answers

Sorry for tje late answer but it is 150 * 0.08^x

The exponential equation that represents the value of the car is [tex]A = 15000(1.08)^t[/tex].

What is depreciation?

Depreciation is the rate by which the value of an object reduces with respect to time. it is given by the formula,

[tex]A = P(1-\dfrac{r}{100})^t[/tex]

where A is the value of object after t period of time, P is the principal amount, r is the rate of depreciation, and t is the time period.

We know the formula of the depreciation, Also, the initial value of the car is $15,000, and the rate of depreciation r that is 8% per year. Therefore, the function of the depreciation of the car can be written as,

[tex]A = P(1-\dfrac{r}{100})^t\\\\A = 15000(1-\dfrac{8}{100})^t\\\\A = 15000(1.08)^t[/tex]

Hence,  the exponential equation that represents the value of the car is [tex]A = 15000(1.08)^t[/tex].

Learn more about Depreciation:

https://brainly.com/question/3023490

answer this question i’ll give brainliest

Answers

Answer:

21

Step-by-step explanation:

Answer:

21

Step-by-step explanation:

Which exponential function best fits the data below?
X
0
6,500
3,120
1,700
2
3
820
4
412
5
202
Ay = 3,120 (0.4)*
By = 412 (1.5)*
C y = 6477 (0.5)*
Dy = 1.700 (12)

Answers

Answer:

C

Step-by-step explanation:

[tex]y = a {b}^{x} \\ b = 3120 \div 6500 = 0.48 \\ [/tex]

[tex]y = 6500 \times {0.48}^{x} [/tex]

16. What is the solution when you take the square root of a negative number? A. Any positive value B. No Solution C. Any negative value D. All Solutions​

Answers

Answer:

A: Any positive value

Step-by-step explanation:

Negative numbers don't have real square roots since a square is either positive or 0. The square roots of numbers that are not a perfect square are members of the irrational numbers. This means that they can't be written as the quotient of two integers.

Answer:

A: Any Postive value or B: No Solution

Step-by-step explanation:

Zero has one square root which is 0. Negative numbers don't have real square roots since a square is either positive or 0. The square roots of numbers that are not a perfect square are members of the irrational numbers. This means that they can't be written as the quotient of two integers.

Which of the following expressions results in 0 when evaluated at x = 4?
ОА. (x + 6)(x - 2)
OB. (x-10)(x-4)
OC. (x+4)(x - 10)
OD 4x(x-6)

Answers

The answer is B. because (4-10) equals -6 and (4-4) equals 0. -6 times 0 is 0.

FREE BRAINLIEST! if you can answer this correctly ill give you brainliest and answer some of the questions you have posted :) thank you very much!!! (40pts)

Answers

Answer:

14 people

Step-by-step explanation:

20% of 70 is 14, and 20% of the people gave crew b a high rating.

(hope this help :P)

what is the answer to 2(3x-5) = 4x+2? Well not the answer but like the steps to solving it

Answers

Answer:

x=6

Step-by-step explanation:

Step 1: Simplify both sides of the equation.

2(3x−5)=4x+2

(2)(3x)+(2)(−5)=4x+2(Distribute)

6x+−10=4x+2

6x−10=4x+2

Step 2: Subtract 4x from both sides.

6x−10−4x=4x+2−4x

2x−10=2

Step 3: Add 10 to both sides.

2x−10+10=2+10

2x=12

Step 4: Divide both sides by 2.

2x=12

x=6

Mira is sending a care package to her cousin overseas. she wants to send a 64 ounce container filled with her cousins two favorite candies. one type of candy comes in 2 ounce packages and the other comes in 8 ounce packages. write in equation in standard form to represent this situation

Answers

Answer:

2x+8y=64

Step-by-step explanation:

1. What is the Greatest Common Factor of 8 and 36? (1 point)
-2
-4
-6
-8​

Answers

Answer:

4 is the answer no hate if I'm wrong :)

Answer

GCF of 8 and 36 is 8

CORRECT ANSWER Is 4 SORRY FOR THE MESS UP

A kite flying in the air has a 4-m line attached to it. Its line is pulled taut and casts a 3-m shadow. Find the height of the kite. If necessary, round your answer to the nearest tenth

Answers

Answer:

2.6

Step-by-step explanation:

I used the a^2+b^2=c^2 to get this answer. I squared all the number given and got 16 and 9. Then I subtract them to get 7. Finally square 7 off and got 2.6 as the final answer

Hope this helped

[tex] \sqrt{7} = 2.6[/tex]

Write the equation of a line in point-slope form that passes through (2, 3)
and has a slope of 1/2

Answers

Answer:

y=1/2x+2

Step-by-step explanation:

hope this helped

Angle 6 and 7 are examples of which type of angle pair

Answers

Answer:

vertical angles?

Step-by-step explanation:

i need help on number 1​

Answers

in the equation, y=2x-4, slope is 2 and the y-intercept is -4. since your slope is a positive 2, your graph will be positive. hope i helped.

Matching Using Distributive Property

Match Each Expression with the equivalent expanded expression

I failed the first try so please help, I'll give you brainly as a reward

Answers

Answer:

1/3(9+81)= 30

2(4x+2)= 8x+4

0.5(2x+3)= x+1.5

-5(2x+3/5)= -10x-3

-3(2/3x-1)= -2x+3

the answers are in the picture

Can someone help me please!!

Answers

Answer:

D.

Step-by-step explanation:

Solve for  x .

x ≥−1

There are 36 students in Miss
Anne's class. If there are 16 boys and
g girls in Miss Anne's class, which one
of the following equations can help
you find the value of g?
A. 9 - 16 = 36
B. 16 x g = 36
C. g divide 36 = 16
D. 16 + g = 36

Answers

Its D
Its the only one that makes since

Please help fast!!!
The table represents some points on the graph of the exponential function that models the radioactive decay of a
sample of xenon-135.
Xenon-135 Sample
Time, x
(hours)
Mass, y
(grams)
0
70
4.6
49.5
9.2
35
13.8
24.7
18.4
17.5
Which statement about the graph of this function is true?

Answers

Answer:B

Step-by-step explanation:

The exponential curve passes through the point (0, 70). Then the correct option is B.

What is an exponent?

Let a be the initial value and x be the power of the exponent function and b be the increasing factor.

The exponent is given as

y = a(b)ˣ

The table addresses a few focuses on the diagram of the outstanding capability that models the radioactive rot of an example of xenon-135.

At x = 4.6, the value of 'y' will be 49.5.

[tex]\rm 49.5 = ab^{4.6} \ \ \ \ \ \ \ ...1\\[/tex]

At x = 9.2, the value of 'y' will be 35.

[tex]\rm 35= ab^{9.2} \ \ \ \ \ \ \ ...2[/tex]

From equations 1 and 2, then we have

[tex]\rm \dfrac{b^{9.2}}{b^{4.6}} = \dfrac{35}{49.5}\\\\b^{4.6} = 0.707\\\\b = 0.927\\[/tex]

Then the value of 'a' will be

[tex]\rm 49.5 = a (0.927)^{4.6}\\\\a = 70[/tex]

Then the equation is given as,

y = 70 · (0.927)ˣ

The graph is given below.

The exponential curve passes through the point (0, 70). Then the correct option is B.

More about the exponent link is given below.

https://brainly.com/question/5497425

#SPJ2

The missing options are given below.

A) There is an asymptote at y = 70.

B) The y-intercept is located at (0, 70).

C) There is an asymptote at x = 0.

D) The x-intercept is located at (70, 0).

13) Find the missing side to the nearest tenth.
11 cm
50°
r

Answers

Answer:

17.1

Step-by-step explanation:

11/cos(50)=17.1

17.1 is the answer to your problem i hope that helps

Find the value of 1.69x4.41

Answers

the value is 7.4529 ! hope this helps

Well someone help me with this please

Answers

Answer:

Step-by-step explanation:

9/13 = h/10

Cross multiply

90=13h

Divide by 13

H = 6.92

what is 8=3a-4? please answer if you know it because the homework is for tomorrow.

Answers

Answer: a = 4

Step-by-step explanation: Hope this helps ^^

Answer:

a=4

Step-by-step explanation:

8=3a-4

+4     +4

12=3a

12/3

a=4

What is the solution to this system of equations?

Answers

Answer:

Step-by-step explanation:

The solution is the point of intersection of the lines. That is (-2,8)

6²•8² = [?]
Enter the value that goes in the box​

Answers

Answer:

36 * 64

= 2304

Hope it help

There are 15 trees in a backyard. If 20% of the trees are oak, how many oak trees are there ?

Answers

Answer:

3

Step-by-step explanation:

Take 20 % of the 15 trees in the backyard

.20 * 15

3

There are 3 oak trees in the backyard

Answer:

3

Step-by-step explanation:

divide 15 by 20% or you could just search it on googs ‍♀️

Type in an integer or a simplified fraction

Answers

Answer:

0?

Step-by-step explanation:

not sure without all of the question

You forget to dry the bread knife after you washed it and reddish brown spots start to appear on the knife.
Physical or Chemical Change?
Evidence?

Answers

Physical

It’s make up is not changing- but it’s physical properties (aka what it looks like) is changing

Pls help me I am freaking out. :(
A submarine is at an elevation of -100 feet (100 feet below sea level). Let’s compare the elevations of these four people to that of the submarine:
Clare’s elevation is greater than the elevation of the submarine. Clare is farther from sea level than the submarine.
Andre’s elevation is less than the elevation of the submarine. Andre is farther away from sea level than the submarine.
Han’s elevation is greater than the elevation of the submarine. Han is closer to sea level than is the submarine.
Lin’s elevation is the same distance away from sea level as the submarine’s.


1. Complete the table as follows.

Write a possible elevation for each person.
Use <, >, or = to compare the elevation of that person to that of the submarine.
Use absolute value to tell how far away the person is from sea level (elevation 0).
As an example, the first row has been filled with a possible elevation for Clare.

Answers

Andre : Anything less than -100, for example -150

-150<-100

|-150|=150

Han: Anything between -100 & 100, for example 50

50> 100

|50|= 50

Lin: 100 or -100,

100> -100

|100|=100

or

-100=-100

|-100|=100

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