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 109 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?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Relatively simple changes in Hox genes control limb formation in tetrapods. Relatively simple changes in Hox genes control limb formation in tetrapods.
Wasp ocelli (simple eyes) and dorsal part of the compound eyes; also showing fine, unbranched hairs Wasp ocelli (simple eyes) and dorsal part of the compound eyes; also showing fine, unbranched hairs
Urinalysis. During a simple urinalysis, a stick with colored blocks is dipped into a urine specimen. Urinalysis. During a simple urinalysis, a stick with colored blocks is dipped into a urine specimen.
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Desired Fertility versus Total Fertility Rate in Developing Countries Desired Fertility versus Total Fertility Rate in Developing Countries
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library