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Read the graph that displays interest and total payments on a loan.
Interest and Total Payments
$10,000 Loan over Five Years
Interest
rate
Monthly
payment
Total paid
5%
$188.70
$11.322.00
10%
$212.50
$12,750.00
15%
$237.90
$14,274.00
18%
$253.90
$15,234.00
Banks make the most money and take the most risk with an interest rate of
5 percent
10 percent
15 percent
18 percent

Respuesta :

samanthaeas

Answer:

answer is 18%

Explanation:

Took the test.

pstnonsonjoku

Banks make the most money and take the most risk with an interest rate of 18 percent.

What is interest?

The term interest refers  to money that accrues on the principal. There are two ways that interest could be calculated;

  • Simple interest
  • Compound interest

We must note that the higher the interest rate the higher the money that the bank makes. Hence banks make the most money and take the most risk with an interest rate of 18 percent.

Learn more about interest rate:https://brainly.com/question/4626564

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