Social Studies

posted by .

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)

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

  • Social Studies -

    wrong

  • Social Studies -

    OMFG WRONG MOTHER FU CKER

  • Social Studies -

    these are the correct answers trust me.

    1. B
    2. A
    3. D
    4. B

    trust me u will get a 100%

  • Social Studies -

    Miranda is right!!!!!
    1.B
    2.A
    3.D
    4.B

    by the way you guys shouldn't be so mean

  • Social Studies -

    Yes They Are True!

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    can you please check my answers? 12, 20, and 35 LCM =420 1/3+5/12+4+5=60 LCD 13/15-11/20=19/60 What is the combined price for a 1/2-in. sheet and a 5/8-in. sheet?
  2. Math

    Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I put …
  3. Finance

    Answers for a 10 year us treasury bond has a 3.50 % interest rate, while a same maturity corporate bond has a 5.25 % interest rate. Real interest rates and inflation rate expectations would be for the two bonds. if default risk premium …
  4. math

    You want to explain to your friend that your bank’s interest rate has gone down from 1.2% to 0.3%. Which sentence below has the correct meaning?
  5. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years?
  6. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month …
  7. social studies

    1)An interest rate is a special type of? a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a simple interest rate?
  8. Math help! Check my answers ASAP!

    1. Which graph most likely describes the distance a person walks in a 24-hour period?
  9. Social studies

    How die a compound interest rate differ from a simple interest rate?
  10. Social Studies

    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?

More Similar Questions