Money borrow
Ms. Kate wants to borrow € 2,000. Company A will borrow ten payments of 240 euros and will not pay anything in the first two months. Company B borrows in 12 payments of € 210. Which company has the more favorable interest rate for Ms. Kate?
Final Answer:
Tips for related online calculators
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
arithmeticUnits of physical quantitiesGrade of the word problem
Related math problems and questions:
- Interest 65474
Uncle Vendelín paid 350 euros for a new washing machine, which he had to borrow 40 percent. He paid off the loan for one year - 15 euros per month. How much did he pay in interest? What was the interest rate on loan? - Interest 66484
The bank provides loans with an interest rate of 5% pa. How much interest will you pay if you borrow 5,000 euros for: A) 1 year B) 1/2 year C) 1/4 year D) 5 years? - Deposit withdrawal
Paul deposited 1,750 euros in the bank at an interest rate of 2.60 percent. He wants to withdraw the money after 9 months. A) How much would he earn in interest? (withdrawal is free of charge.) B) How much will he receive if the interest is taxed at 19%? - Deposited 5135
It was 1975, and Petr deposited the entire cash of 10,900.40 Euros in a savings account with 4% interest, credited monthly. He did not add anything to the book, and in exactly 15 years, he withdrew the entire amount in cash. How much did you choose? - When will I be a millionaire?
Barry monthly sends 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months Barry must save to save 1000000 euros. Inflation, interest rate changes, or bank failures are ignored. - Subsequent 8261
Mr. Peter needs to dig a 20m deep well on his property. The AZET company charges 1 euro for the first meter and 2x more for each subsequent meter. The ZETA company charges 200 euros for each meter of well depth. Which company should Mr. Peter choose if he - Entrepreneurs 4509 The entrepreneur took out a business loan of 15,000 at an interest rate of 7.5% p. to start a business. a. The state subsidy for start-up entrepreneurs is 800 euros per year for three years and must be used to repay the loan. How much interest will the en
