Money borrow

Ms. Kate wants to borrow € 2,000. Company A will borrow ten payments of 240 euros and the first two months do not pay anything. Company B borrows in 12 payments of € 210. Which company has the more favorable interest rate for Ms. Kate?

Result




Step-by-step explanation:

24010=2400 21012=2520 2400<2520



Did you find an error or inaccuracy? Feel free to write us. Thank you!







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:

Related math problems and questions: