A man took a loan of Rs. 22500 from X bank . After three years he had to pay Rs. 540 interest for the given
period. If he take the same amount of loan from Y bank after five years he will have to pay Rs. 560
interest, then being a consumer which bank does he prefer more?(Solve each case to answer)
Answers
Answered by
0
Answer:
It is definetly Bank y
Step-by-step explanation:
For bank x interest for each year for taking a sum of ₹ 22500 = 540 / 3
= 180
For bank y interest for each year for taking a sum of ₹ 22500 = 560 / 5
= 112
That is why Bank y will be preferred by many people.
Hope it helps.
Answered by
0
Hooe it helps you ........✒️✒️
Attachments:
Similar questions