Mathematics, 10.12.2020 01:00 ansonhunter8891

Michelle wants to borrow $4,500. Bank A will lend Michelle the money at a simple annual interest rate of 9% for 6 years. Bank B will lend her the money at 11% for 4 years. Which bank would charge Michelle the least amount for interest? Explain.

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Michelle wants to borrow $4,500. Bank A will lend Michelle the money at a simple annual interest rat...