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rolpace88 rolpace88
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9 years ago
You need to borrow $1500 to cover your school expenses for 10 months. After calling several places, you can choose between a money store charging 15% simple interest per year or your family who will charge you 10% per year. How much will you save by borrowing from your family?
A) $312.50
B) $150.00
C) $62.50
D) $750.00
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Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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9 years ago
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rolpace88 Author
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#2
9 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
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#3
9 years ago
You're welcome. All I ask in return is a thumbs up!
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