Can anybody help me with this math problmes? please?

Question

Can anybody help me with this math problmes? please?
Can anybody help me with this math problmes? please?
a bank has $ 750,000 to lend for 7 months. it can lend it to a local contractor at a simple interest rate of 12%, or it can lend to a small business that will pay 12% compounded monthly. if the bank wants to minimize its interest earned, who should receive the loan( contractor or business) and what is additional interest earned?
answer is business, 1601.51 but i don't know how
thnak you

Answer 1

How did you get your answer? If you just did it in your head, what did you do? Did you do percentages?

Or.....maybe did you get an answer from a friend to call it your own? Anyhow, just do how you got the answer, even if it takes 10 pages long.

Answer 2

You realize math, then the entire numbers are yours to discover. Math is amusing for those who believe it is amusing and math is uninteresting for those who believe it is uninteresting. For me, math is amusing seeing that I like whatever difficult although I constantly obtained it improper and ought to do it sometimes.

Answer 3

Sina jibu juu ya hilo dada yangu

Answer 4

blah...blah....blah....blah....