Miznatnasah
18.03.2021 •
Mathematics
You have to lend Rs. 75000 for two years for a purpose. If a
finance company A lends money at 10% per annum
compounded annually and finance company B lends money
at 8% per annum compounded semi-annuallly. From which
finance company will you take the loan and why? Give your
reason with calculation.
Solved
Show answers
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Ответ:
The amount to be returned at Finance company B is less than that of Finance company A so it is profitable to take the loan from Finance company B.
Step-by-step explanation:
★ Finance company A :
A = 75,000 (1 + 0.1)²
A = 75,000 × 1.21
A = 90,750
★ Finance company B :
A = 75,000 (1 + 0.04)⁴
A = 75,000 × 1.16986
A = 87,739.5
Ответ:
okay bye laters
Step-by-step explanation: