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11 votes
11 votes
The question is in the pic.

The question is in the pic.-example-1
User Kapil Khandelwal
by
2.9k points

2 Answers

7 votes
7 votes

Answer:

the answer is $100

because if the bank is loosing 2% they are having to pay $20 bc 0.02 x 1,000= 20, and they are earning 12% they getting 120 bc 0.12 x 1,000 = 120, and 120-20= $100. you have to subtract the $20 because that is what the bank is paying, so it's losing money

User Dino Tw
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2.9k points
21 votes
21 votes

Answer:

$100

$120 in and $20 out

Explanation:

User Jhchabran
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3.2k points