Homework Help: Consumer Economics

Posted by Reston on Friday, August 21, 2009 at 12:11am.

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

Consumer Economics - Ms. Sue, Friday, August 21, 2009 at 10:30am
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.

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