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amid [387]
2 years ago
5

Michelle has a balance of $950 in a savings account that pays 3% interest compounded annually. If Michelle makes no deposits or

withdrawals, how much money will be in her savings account after 2 years?
Mathematics
1 answer:
balu736 [363]2 years ago
4 0

Answer:

She will save by borrowing from Bank B.

Step-by-step explanation:

Michelle needs to calculate the interest for the length of each loan. Bank A will charge $2430 in interest and Bank B will charge $1980 in interest. She will save by borrowing from Bank B.

Sample answer on edge ;)

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