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10 March, 19:00

Jessica's bank is offering her a loan with a stated rate of 4.90% interest. If the interest is compounded every two months, what will Jessica really pay for interest? a. 4.90% b. 5.00% c. 5.01% d. 4.96%

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  1. 10 March, 19:15
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    The answer for jessica's rate for interest to pay is B. 5.00%
  2. 10 March, 22:57
    0
    B. 5.00% is the correct answer just took the test
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