A mechanism for reducing financial risk and spreading financial ...

[dalyningkenk]

A mechanism for reducing financial risk and spreading financial loss due to unexpected events is called insurance.
  Indicate whether the statement is true or false

Question 2

Slingerland borrowed 8,000 on July 20, at 11 interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?
 A) 263.01
  B) 273.06
  C) 214.58
  D) 285.20

[ally]

Answer to Question 1

TRUE

Answer to Question 2

C

[dalyningkenk]

Thanks for the timely response, appreciate it

[okolip]

Excellent