a bank is owed $123 in interest on each of 24 customers loans. would this be best represented as a possible or negative value for the bank? how much are they owed in total.
Do you mean positive value or negative value?
yes that's what I mean
a bank is owed $123 in interest on each of 24 customers loans. would this be best represented as a positive value or negative value for the bank? how much are they owed in total.
No wonder no one replied to your question.
This would be a positive value for the bank.
$2952??
Yes.
To determine whether owing $123 in interest on each of 24 customers' loans is a positive or negative value for the bank, we need to consider the context. In finance, when a bank is owed interest, it is typically considered a positive value for the bank.
Since the bank is owed $123 in interest on each of the 24 customers' loans, we can calculate the total amount owed by multiplying the interest owed per customer ($123) by the number of customers (24).
Total amount owed = Interest owed per customer * Number of customers
= $123 * 24
= $2,952
Therefore, the bank is owed a total of $2,952 in interest.