Ask Question
10 April, 23:37

In each situation, tell whether you would want a higher or lower interest rate. Explain your reasoning.

a. you borrow money

You would want a lower/higher interest rate because you would pay less/pay more/receive less / receive more.

b. you open a savings account

You would want a lower/higher interest rate because you would pay less/pay more/receive less / receive more.

+5
Answers (1)
  1. 11 April, 03:09
    0
    Step-by-step explanation:

    a. you borrow money

    You would want a lower interest rate because you would pay less

    b. you open a savings account

    You would want a higher interest rate because you would receive more.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In each situation, tell whether you would want a higher or lower interest rate. Explain your reasoning. a. you borrow money You would want ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers