In Exercises 920, solve the problem.If you borrow $500 from a credit union at 12%annual
Chapter 2, Problem 10(choose chapter or problem)
In Exercises 920, solve the problem.If you borrow $500 from a credit union at 12%annual interest and $250 from a bank at 18%annual interest, what is the effective annualinterest rate (that is, what single rate of interest on$750 would result in the same total amount ofinterest)?
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