Answer:
Parallel
Step-by-step explanation:
The decimal equivalent of 40% is 0.4.
'Equivalent decimals are two decimal numbers that are equivalent, that is, they represent the same value or amount.'
According to the given problem,
40% = 40/100
= 4/10
= 0.4
Hence, we can conclude, the decimal equivalent of 40% is 0.4.
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The Bank will provide loan on lesser cost.
The simple interest is given as,
Given that, Principle is , rate is 12 % and time is 18 months.
Time = 18 months=
Also, Her insurance company will loan her the money at 12% for 24 months.
Hence, the Bank will cost her less.
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