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Author Question: Matt is borrowing 4,500 to buy a used car and is using a spreadsheet to compare loans. Column A ... (Read 55 times)

chandani

  • Hero Member
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  • Posts: 541
on: Jun 24, 2018
Matt is borrowing 4,500 to buy a used car and is using a spreadsheet to compare loans. Column A contains the principal amount, Column B contains the rate, Column C contains the time in years and Column D contains the interest paid over the life of the loan. Row 2 contains the first loan which has an interest rate of 8 for 4 years. Which formula should be entered in D2 to calculate the simple interest?
 a. =A2B2C2/360
 
  b. =A2B2C2/365
 
  c. =A2B2C2/12
 
  d. =A2B2C2

Question 2

Logistics problems are problems of finding the least expensive way to transport products from their origin to their destination.
 a. True
  b. False
   Indicate whether the statement is true or false


heyhey123

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

d

Answer to Question 2

TRUE


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