To pay a debt, Erwin offered Rommel 3,000 now or 3,150 six months from now. If Rommel can save the money in a bank which gives a simple interest rate of 9%, which offer should he take?

#math  #question  
∞  01/24/10
19 notes
  1. unoetrino answered: 3150 > 3135 , you get only 5 months of interest. PS: I love this blog.
  2. fsquaredfrncnm answered: 3000 now.
  3. inmyjadedskye reblogged this from fuckyeahmath
  4. inmyjadedskye answered: If the interest rate was for a period of a year, I would choose 3150. If it was for 6 months, 3000.
  5. that-awkward-dude reblogged this from fuckyeahmath
  6. that-awkward-dude answered: 3k now.
  7. davidcustiskimball answered: 3,150 in 6 mo.
  8. traslucido answered: I know math, but I don’t understand banks or economics, which would be more useful in daily life.
  9. cuntchana answered: well if he needs to pay the debt now, then he should pay with the first.
  10. 1234m answered: 3150.
  11. mryms answered: I’m too lazy to think right now. hehe. I love math. hoho
  12. jeymsss answered: the first one???! (3,000)
  13. fuckyeahmath posted this