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? - QAmmunity.org

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?

asked Oct 4, 2020 163k views

1 Answer

Search QAmmunity.org