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bazaltina [42]
2 years ago
6

The bank is considering paying interest to customers carrying daily checking account balances in excess of a certain amount. If

the bank does not want to pay interest to more than 4% of its checking account customers, what is the minimum daily balance on which it should be willing to pay interest? (Round your answer to the nearest dollar)
Business
1 answer:
olya-2409 [2.1K]2 years ago
5 0

Answer:

If the amount is 1 for example,

And the bank does not want to pay more than 4%, then the amount will be,

4/100 ×1= 0.04

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