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

Extracted text: 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 of interest? Explain. Intro

Jun 09, 2022

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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...

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