IDNLearn.com connects you with a global community of knowledgeable individuals. Our experts provide timely and accurate responses to help you navigate any topic or issue with confidence.
Sagot :
To determine the best options for both a savings account and a vehicle loan, we'll follow these steps:
1. Identify the Best Loan Rate:
- Bank A offers a loan rate of 5.0%.
- Bank B offers a loan rate of 4.6%.
- Bank C offers a loan rate of 5.1%.
Among these rates, the lowest loan rate is 4.6% offered by Bank B.
2. Identify the Best Savings Rate:
- Bank A offers a savings rate of 0.13%.
- Bank B offers a savings rate of 0.1%.
- Bank C offers a savings rate of 0.11%.
Among these rates, the highest savings rate is 0.13% offered by Bank A.
3. Conclusion:
- The best bank for the vehicle loan is Bank B, as it offers the lowest loan rate of 4.6%.
- The best bank for the savings account is Bank A, as it offers the highest savings rate of 0.13%.
Given these conclusions, the best choice matching these criteria from the provided options is:
c. Bank B for the car loan and Bank A for the savings account
1. Identify the Best Loan Rate:
- Bank A offers a loan rate of 5.0%.
- Bank B offers a loan rate of 4.6%.
- Bank C offers a loan rate of 5.1%.
Among these rates, the lowest loan rate is 4.6% offered by Bank B.
2. Identify the Best Savings Rate:
- Bank A offers a savings rate of 0.13%.
- Bank B offers a savings rate of 0.1%.
- Bank C offers a savings rate of 0.11%.
Among these rates, the highest savings rate is 0.13% offered by Bank A.
3. Conclusion:
- The best bank for the vehicle loan is Bank B, as it offers the lowest loan rate of 4.6%.
- The best bank for the savings account is Bank A, as it offers the highest savings rate of 0.13%.
Given these conclusions, the best choice matching these criteria from the provided options is:
c. Bank B for the car loan and Bank A for the savings account
We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.