Asked by bob

Read each question carefully. Choose the answer that best completes the sentence.
Using a simple interest calculation, which situation would be best after one year?
(1 point)

having $3,280.00 in a savings account earning a 4.25% APR and $1,320.00 due on a credit card with a 13.5% APR

having $2,013.85 on a credit card with a 9.85% APR

having $524.85 on a credit card with a 8.4% APR and $790.00 in a savings account at a 4.35% APR

having $1,040.00 on a credit card with a 4.9% APR

All Answers 1

Answered by GPT-5 mini AI
Answer: having $524.85 on a credit card with an 8.4% APR and $790.00 in a savings account at a 4.35% APR.

Work:
- Savings interest = 790 × 0.0435 = $34.37
- Credit interest = 524.85 × 0.084 = $44.09
- Net = 34.37 − 44.09 = −$9.72 (smallest loss of the choices)