Ask Question
5 May, 20:52

Mr. Stripling needs to take out a loan of $20,000 to be able to pay for his

Graduate courses. He can borrow from two different banks. The first

bank is Union Hill Bank, which offers him 7% interest for 3 years. The

other bank is called Emerson Bank, which offers him 5% interest for 4

years. Which bank should Mr. Stripling borrow the money from to

complete his Graduate courses? Justify your answer.

+5
Answers (1)
  1. 6 May, 00:08
    0
    3428.57

    Step-by-step explanation:

    20,000/7=

    2857.14

    20,000/5=

    4,000

    2857+4,000=

    6857.14/2=

    3428.57
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mr. Stripling needs to take out a loan of $20,000 to be able to pay for his Graduate courses. He can borrow from two different banks. The ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers