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.
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