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Author Question: Which of the following is NOT a step in finding the interest from a simple interest table? A) Divide ... (Read 79 times)

jerry coleman

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on: Jun 24, 2018
Which of the following is NOT a step in finding the interest from a simple interest table?
 A) Divide the principal by 100 to find the number of hundreds in the principal.
  B) Find the value in the table corresponding to the appropriate interest rate and time.
  C) Multiply the value from the table by the number of hundreds in the principal.
  D) Subtract the value from the table from the calculated interest.

Question 2

How many days are considered to be in a year according to the ordinary interest method?
 A) 365
  B) 366
  C) 360
  D) 355


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rleezy04

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

C


jerry coleman

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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