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Ilya [14]
3 years ago
9

The way the bank determines the balance on which to calculate your interest is known as _____.

Business
2 answers:
Readme [11.4K]3 years ago
6 0

The answer is B. Method of computing balance ;)

neonofarm [45]3 years ago
4 0
The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D. 
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