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Author Question: Which formula is used to calculate the finance charge per 100 of the amount financed? A) (finance ... (Read 109 times)

jc611

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on: Jun 24, 2018
Which formula is used to calculate the finance charge per 100 of the amount financed?
 A) (finance charge  amount financed)  100.
  B) (finance charge  amount financed)  100.
  C) finance charge  (amount financed  100).
  D) finance charge  (amount financed  100).

Question 2

If the principal and the amount of interest for one year are known, the rate of interest can be found by
 A) multiplying the principal by the interest for one year.
  B) multiplying the interest for one year by the principal.
  C) dividing the interest for one year by the principal.
  D) dividing the principal by the interest for one year.


tkempin

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

A

Answer to Question 2

C


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