Mark wants to buy a car worth P800,000. He currently has P300,000and plans to borrow the remaining P500,000through the bank. Bank A offers an interest rate of 8%per year for 3years where interest is computed on a simple interest basis. Bank B, meanwhile, offers an interest rate of 7% per year for 3 years. Which bank’s loan product should he choose?

Using pert, adam munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months, and the project variance is 4. a) what is the probability that the project will be completed in 17 months? b) what is the probability that the project will be completed in 20 months? c) what is the probability that the project will be completed in 23 months? d) what is the probability that the project will be completed in 25 months? e) what is the due date that yields a 95% chance of completion?