# Consumer Economics

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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 -

Btw -- without doing the math, you can easily see the only possible correct answer for the first problem.

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