Friday

August 1, 2014

August 1, 2014

Posted by **Greg** on Wednesday, November 14, 2012 at 7:56pm.

An interest rate is a special type of (1 point)

loan.

**price.

bank.

service.

2.

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.

3.

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.

4.

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

**Related Questions**

Algebra - I was wondering if someone could check over these answers for me. Find...

Math 8R - HW Qs. Check - Topic - Logic In the clues below, each variable ...

BPC110 - Hello, I am trying to use APA format. I did some short answers and ...

Science :check my answers - Here are some questions I had for hw, I answered ...

science anyone - I was wondering if someone could look at my answers and let me ...

enviromental studies - please could someone help me with my enviro homework im ...

Social Studies - - Mao and Communist China - Hello, I was wondering if anyone ...

math - Hi I need someone to check my answers I'll show whatever work I have but ...

math - Can someone explain to me how this question has the answer like this ...

Math HELP - I have my answers at the bottom but please do these questions so I ...