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
- Social Studies - Anonymous, Thursday, September 10, 2015 at 11:31am
- Social Studies - Nunya danm buisness, Friday, January 8, 2016 at 8:18am
OMFG WRONG MOTHER FU CKER
- Social Studies - Miranda Lambert, Tuesday, March 1, 2016 at 11:35am
these are the correct answers trust me.
trust me u will get a 100%
- Social Studies - boo, Tuesday, March 29, 2016 at 2:40pm
Miranda is right!!!!!
by the way you guys shouldn't be so mean
- Social Studies - Agala, Tuesday, January 10, 2017 at 12:36pm
Yes They Are True!
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