Solve the problem.Jack borrowed $340 from his brother. Jack's brother wants 6 monthly payments of  to repay the loan. How much extra is Jack's brother charging for the loan?

A. $200
B. $540
C. $110
D. $640


Answer: A

Mathematics

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Provide an appropriate response.Explain the difference between the unpaid balance method and the average daily balance method of calculating finance charges.

What will be an ideal response?

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