acst101 (1 Viewer)

[Dash]

im stuck on this question...

not sure if its easier than i think or not???

wat do you think??

Company A arranges for a bank to accept a bill. The bank charges Comapny A a fee. Company A sells the bill in the market to Company B at a price calculated to yield Company B a rate of simple interest of i p.a. For the overall transaction including the bank fee, the rate of simple interest p.a. being paid by Company A is

a. less than i
b. equal to i
c. more than i

Thx for helP!

 

[insane_lil_bich]

ahhh yesss, the assignment... it must be more than i because company A needed to pay the bank fees and stuff. but yet, dont trust someone who's pretty sure that she flunked the test yesterday

 

[jlh]

the answer is MORE THAN I...
LOL.. sorry for the late and now useless reply!!

 

[Grizzly]

LOL yeah, Quizz is closed