Consumer Economics
posted by Reston .
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) coinsurance (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.