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.
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Home » Mathematics » 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.