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Xavier is thinking where to invest his Php200,00 for 2 years. Is it Bank A which offer 2% interest compounded monthly or at bank B which offers 2.5% compounded quarterly?​

Respuesta :

NorieneGarganera

Answer:

I suggested to go on

Bank B which offers. 2.5 %

mhanifa

Answer:

  • Bank B

Step-by-step explanation:

Calculate each option and compare

Bank A

Total amount after 2 years

  • 200000*(1 + 0.02/12)²⁴ = 208155.22

Bank B

Total amount after 2 years

  • 200000*(1 + 0.025/4)⁸ = 210221.51

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