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Suppose a person has a total credit card debt of $840 that has a 15% yearly interest rate. This person also has a savings account
Suppose a person has a total credit card debt of $840 that has a 15% yearly interest rate. This person also has a savings account with $2,000 that pays 3% interest per year. Despite the net loss, the person keeps both. Calculate how many times the person appreciates the $1 of savings more than $1 of credit card debt if the person relates similarly to both values of percent paid and received. Enter your answer in the box below and round to two decimal places if necessary
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