Posted by Greg on Wednesday, November 14, 2012 at 7:56pm.
I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you.
An interest rate is a special type of (1 point)
How does a compound interest rate differ from a simple interest rate? (1 point)
***Compound interest rates pay more interest over time.
Compound interest rates are calculated only once a year.
Compound interest rates are usually lower than simple interest rates.
Compound interest rates apply to home mortgages only.
Rising demand for a certain type of car will probably lead to (1 point)
lower interest rates for all types of vehicles.
lower interest rates for that type of car.
***higher interest rates for all types of vehicles.
higher interest rates for that type of car.
Rohan has $100.00 that he wants to save in a bank. Bank A offers two types of savings accounts. One has a 5% simple interest rate, and the other has a 4.8% compound interest rate. Bank B also offers two types of savings accounts. One has a 3% simple interest rate, and the other has a 4% compound interest rate. Which account should Rohan choose in order to earn the most interest? (1 point)
Bank A simple interest account
***Bank A compound interest account
Bank B simple interest account
Bank B compound interest account
Answer this Question
Social Studies - Hello, I was wondering if you guys here could check over If ...
social studies - i was wondering what the Four Noble Truths are:)
social studies - hi i was wondering how long does it take to travel from venice ...
social studies - I'm about to sign up for classes and am wondering...what are ...
Social Studies - Hi, I was wondering how I could find out the number of U.S. ...
social studies - According to Wikipedia, "the problems which are purportedly ...
Social Studies - How social studies in your particular school setting relates to...
social studies - I was wondering, what are some similarities between Hudson Bay ...
social studies - Hi, I'm writing about the Constitution and I was wondering did ...
European History - I was wondering if someone could check my thesis statement ...