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18.06.2021 •
Mathematics
Paul and Sandy Moede signed an $8,650 note at Citizen’s Bank. Citizen’s charges a 5.4% discount rate. Assume the loan is for 270 days.
a. Find the proceeds. (Use 360 days a year. Round your intermediate calculations and final answer to the nearest cent.)
b. Find the effective rate charged by the bank. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest tenth percent.)
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Ответ:
Account B recorded a greater percentage change in the amount of money over the previous year.
Step-by-step explanation: