posted by Reston on .
Hello, I'm having a bit of trouble with two questions:
1. Phoenecia deposits $300 into a simple interest account that pays 3%. After 7 months what will be the total value of her account?
(A)$309.00 (B)$305.25 (C)$321.00 (D)$9.00
2. Which of the following help to reduce an insurance company's share of risk? (A) waiting period (B) deductibles (C) co-insurance (D) all of these
We'll be glad to check your answers.
Btw -- without doing the math, you can easily see the only possible correct answer for the first problem.