Literal question
Bambang needs a loan of Rp. 1,000,000. And this loan is for duration of one year. Two banks are willing to give him money. However there is one difference. One bank (BANK A) will charge administration fee of Rp. 50,000 per year and the other bank (BANK B) will charge an administration fee of Rp. 5,000 per month.
According to you which bank Bambang should take out the loan from?