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Scenario: In one year, a bank pays 2% interest on a $1,000 deposit. The same year, the bank charges 12% interest on a $1,000 loan. How much profit does the bank make at the end …

Scenario: In one year, a bank pays 2% interest on a $1,000 deposit. The same year, the bank charges 12% interest on a $1,000 loan. How much profit does the bank make at the end …
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3 votes
Scenario: In one year, a bank pays 2% interest on a $1,000 deposit. The same year, the bank charges 12% interest on a $1,000 loan.

How much profit does the bank make at the end of the year in this scenario?

User Imjayabal
by
7.9k points

2 Answers

1 vote

Answer:

A. $100

Explanation:

On Edge

User Daniel Gabriel
by
8.7k points
5 votes
the answer would be 100 A on e2020
User Glycoaddict
by
8.5k points
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