Due to this pandemic, your mother is having a hard time paying your bills, so she decided to apply for a loan. Can you help your mother pick which bank will she choose to have the loan? BANK A BANK B...

Due to this pandemic, your mother is having a hard time paying your bills, so she decided to apply for a loan. Can you help your mother pick which bank will she choose to have the loan?

Bank A	Bank B
- maximum of Php 500,000 loan - offers 6% interest compounded semiannually - payable for 3 years	- maximum of Php 500,000 loan - offers 4% compounded quarterly - payable for 3 years

Which bank will you choose? Explain your answer.

Extracted text: Due to this pandemic, your mother is having a hard time paying your bills, so she decided to apply for a loan. Can you help your mother pick which bank will she choose to have the loan? BANK A BANK B maximum of Php 500,000 loan maxímum of Php 500,000 loan - offers 6% interest compounded semi- annually offers 4% compounded quarterly - payable for 3 years payable for 3 years Which bank will you choose? Explain your answer.