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05-11-2019
Mathematics

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Bank A charges ordinary interest, while bank B charges exact interest. Susan
Carsten wants to borrow $11,000 for 90 days at 9%.
Calculate the cost of interest at each bank.
Nhich bank offers a better deal?

Respuesta :

hassandar3 hassandar3

05-11-2019

Answer:

1. Bank A= 11000*9%= 990, Bank B= 11000*9%*(90/365)= 244.11

Step-by-step explanation:

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