Q:

Pablo wants to start a savings account and apply for a vehicle loan. He's not sure which bank he should open the savingsaccount with and which bank he should apply for the vehicle loan. He wants the most return on his money in swings, but hedoesn't want a high rate on his vehicle loan. Given this information and the tables below, determine with which bank Pablo shouldopen 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 accountb. Bank B for the car loan and Bank C for the savings accountc. Bank C for the car loan and Bank A for the savings accountd. Bank A for the car loan and Bank C for the savings account​

Accepted Solution

A:
Answer: A. Bank B for the car loan and Bank B for the savings accountStep-by-step explanation:Pablo wants the most return on his money in savings, but hedoesn't want a high rate on his vehicle.Bank B would have the best savings, they give you 1.3% savingsBank B also has the best loan rates, they charge 4.1% interest Saving rates are good and loan rates are bad