Answer to Question #233739 in Civil and Environmental Engineering for Alan Enrico V Tuib

Question #233739
One thousand dollars is borrowed for one year at an interest rate of 1% per month. If the same sum of money could be borrowed for the same period at an interest rate of 12% per year, how much could be saved in interest charges?
1
Expert's answer
2021-09-12T00:31:39-0400

The answer to your question is provided in the image:

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
APPROVED BY CLIENTS