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? - Askians

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

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