196k views
25 votes
quick i need help!! use the term absolute value to explain how a debit of $9.00 and a credit of $9.00 are similar

2 Answers

11 votes

Answer:

Annual Interest Rate=(monthly bank fee/average monthly balance) X 12, so 9.00/900 X 12= 12.00%

Explanation:

User Akaoni
by
5.1k points
13 votes
So the debit card comes from your own money so you giving 9 into you own card and a credit card is where you pay mounthly for the bank to add money to that card. So the similarities are that there someone putting money in that card
User Tmthydvnprt
by
4.8k points