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Mathematics, 03.07.2019 04:30, Anshuman2002
If you borrow $500 from a credit union at 12% annual interest and $250 from a bank at 18% annual interest, what is the effective annual interest rate (that is, what single rate of interest on $750 would result in the same total amount of interest)? a. 10% b. 12% c. 14% d. 15%
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If you borrow $500 from a credit union at 12% annual interest and $250 from a bank at 18% annual int...
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