Question

Pablo wants to start a savings account and apply for a vehicle loan. He's not sure which bank he should open the savings

account with and which bank he should apply for the vehicle loan. He wants the most return on his money in swings, but he
doesn't want a high rate on his vehicle loan. Given this information and the tables below, determine with which bank Pablo should
open his savings account and with which bank he should apply for a vehicle loan.
a. Bank B for the car loan and Bank B for the savings account
b. Bank B for the car loan and Bank C for the savings account
c. Bank C for the car loan and Bank A for the savings account
d. Bank A for the car loan and Bank C for the savings account​

Answer 1

Option a is right answer

Explanation:

Given that Pablo wants to start a savings account and apply for a vehicle loan. He's not sure which bank he should open the savings account with and which bank he should apply for the vehicle loan.

Since he wants the most return on his money in savings, he must choose the bank with highest interest , here bank B.

Since he doesn't want a high rate on his vehicle loan, he has to select the bank which charges the least interest, here bank B

Hence a. Bank B for the car loan and Bank B for the savings account

Answer 2

Answer: A. Bank B for the car loan and Bank B for the savings account

Explanation:

Pablo wants the most return on his money in savings, but he

doesn't want a high rate on his vehicle.

Bank B would have the best savings, they give you 1.3% savings

Bank B also has the best loan rates, they charge 4.1% interest

Saving rates are good and loan rates are bad