Mathematics
Mathematics, 27.09.2021 14:00, Geo777

(c) Amri wants to make a personal loan. He checks the offers from bank X and bank Y for comparison. The amount of the loan is RM120 000. Bank X offers a monthly loan repayment of RMI 350 for a period of 15 years while bank Y offers a monthly repayment of RMI 510 for a period of 17 years. Which bank offers the lowest interest rate per annum? [4 marks]

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(c) Amri wants to make a personal loan. He checks the offers from bank X and bank Y for comparison....

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