Mathematics, 25.03.2021 19:10, Ap621765

⚠️Plzzz help mee⚠️ Michaela needs to borrow $4,500 to buy appliances and has to pay back the loan after 2 years. The loan amount adds simple interest at a rate of 6.5% per year or adds annual compound interest a t a rate of 6.1% per year. Which method should she choose, simple or compound, and how much less will she owe using that method?

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⚠️Plzzz help mee⚠️ Michaela needs to borrow $4,500 to buy appliances and has to pay back the loan a...