Question: A friend has $ 5 , 0 0 0 that he has saved from his part - time job. He will need his money, plus

A friend has $5,000 that he has saved from his part-time job. He will need his money, plus any interest earned on it, in six months and has asked for your help in deciding whether to put the money in a bank savings account at 3% interest or to lend it to Victor. Victor has promised to repay $5,300 after six months.

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