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Topic: Miscellaneous
Number of pages / Number of words: 2 / 353
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Page 430: 1-7 & 11-17

1. What three things must you know to be able to calculate interest? What is the simple interest formula?

Rate, Principal, and Time Factor

I = P x R x T

2. In calculating interest, how many days are normally considered to be in one year?

360 (to make it an easy calculation)

3...


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Page 430: 1-7 & 11-17

1. What three things must you know to be able to calculate interest? What is the simple interest formula?

Rate, Principal, and Time Factor

I = P x R x T

2. In calculating interest, how many days are normally considered to be in one year?

360 (to make it an easy calculation)

3...


Essay fragment

General points of the essay

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