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Author Question: Which of the following describes how to calculate simple interest? A) Interest = Principle Rate ... (Read 151 times)

asd123

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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.


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wilsonbho

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

D

Answer to Question 2

B


asd123

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Reply #2 on: Jun 24, 2018
Thank you :)


wilsonbho

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Reply #3 on: Jun 24, 2018
Happy to help you


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