This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following describes how to calculate simple interest? A) Interest = Principle Rate ... (Read 84 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Which of the following describes how to calculate simple interest?
 A) Interest = Principle  Rate  Time.
  B) Interest = Principle  Rate  Time.
  C) Interest = Principle  Rate  Time.
  D) Interest = Principle  Rate  Time.

Question 2

Which of the following best describes how compound interest works?
 A) Interest is calculated only on previously earned interest.
  B) Interest is calculated and added to the previous balance to become the new balance.
  C) Interest is calculated only at the end of the term.
  D) The compound interest rate increases as the term progresses.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


asd123

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 24, 2018
Thank you :)


wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
How to calculate RRSP using the annuity formula How to calculate RRSP using the annuity formula
Gestalt Principle: Similarity Gestalt Principle: Similarity
Calculating Growth Rate of Bacteria Calculating Growth Rate of Bacteria
Calculate the molar solubility of thallium(I) chloride in 0.30 M NaCl at 25°C. Ksp for TlCl is ... Calculate the molar solubility of thallium(I) chloride in 0.30 M NaCl at 25°C. Ksp for TlCl is ...
Insect with a Simple Brain Insect with a Simple Brain
Video: Osmosis - water transport

For a complete list of videos, visit our video library