Mathematics, 20.05.2021 23:20 chgraypto
The amount of money that customers deposit in a bank in savings
accounts is directly proportional to the interest rate that the bank pays
on that money. Suppose that a bank was able to turn around and loan
out all the money deposited in its savings accounts at an interest rate
of 18%. What interest rate should it pay on its savings accounts in
order to maximize profit?
Answers: 3
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The amount of money that customers deposit in a bank in savings
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