Jay field’s bank granted him a single-payment loan of $6,800. he wanted to compare repaying the loan in 91 days at an ordinary interest rate of 4.25% to repaying the loan in 91 days at an exact interest rate of 4.23%. which interest rate is a better deal for jay? how much does he save?

Amount of loan = $6800

Time period = 91 days

When interest rate is 4.25%

When interest rate is 4.23%

So, the amount paid with 4.23% interest rate is less

Hence, 4.23% interest rate is a better deal for Jay.

Amount saved = 6873.32 - 6872.96

                          = $0.36

answer: the answer is one of

step-by-step explanation:   we are given to write a proper fraction where the whole is divided into an even number of equal parts less than ten, and an odd number of those parts exist.

an even number less than 10 may be one of 2, 4, 6 or 8. so, the whole may be one of these four evens.

now, an odd number of these parts must exist, so the numerator must be an odd number, one of 1, 3, 5 or 7. it cannot be 9 because then the fraction will become improper.

thus, our fraction may be one of the following

rounding to the nearest thousandth would be 452,000