Angela wants to buy a car worth ₱950,000. He currently has ₱200,000 and plans to borrow the remaining ₱650,000 through the bank. Bank A offers an interest rate of 10% per year for 5 years where interest is computed on a simple interest basis. Bank B, meanwhile, offers an interest rate of 9% per year for 2 years but on monthly compounding. Both banks require payment only at the end of 3 years. Which bank's loan product should she choose?

Bank A

Step-by-step explanation:

Loan amount = 650000

Bank A:

Simple interest after 3 years :

Loan amount * rate * time

650000 * 0.1 * 3 = 195,000

Bank B:

Compound interest formula :

A = P(1 + r/n)^nt

n = number of compounding times per period

A = 650000( 1 + 0.09/ 12)^12*3

A = 650000(1.0075)^36

A = 650000 * 1.3086453

A = 850619.49

Interest on payment = 850619.49 - 650,000 = 200619.49

Interest on Bank A product is lesser than Bank B

c.   x=2.4cm

step-by-step explanation:

similar triangles are triangles which have the same shape but not the same size. this means their angle measures are equal but their side lengths are not instead they are proportional. to solve, we will set up a proportion and solve.

a proportion is two equal ratios set equal to each other. we form the ratios by finding corresponding sides (sides which match to each other on both triangles by their position). out ratios will be one side of the small triangle over the corresponding side on the big triangle as shown below:

.

to solve the proportion, we'll cross multiply by multiplying numerator with denominator across the equal sign.

step-by-step explanation:

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