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Which of the following is another term for a checking account? A. A demand deposit B. A Habeas Corpus C. A loan amortization D. A savings plan
Weegy: The answer is A. Checking account is also called demand deposit. (More)
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Asked 10/10/2012 3:26:50 PM
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I = Prt is the formula for simple interest. The principal is $6,500, the interest rate is 4.25%, and the time is three years. What is the interest charge? A. $778.45 B. $827.25 C. $828.75 D. $908.50
Weegy: Calculation: First, converting r percent to a decimal r = 4.25/100 = 0.0425, then I = 6500 × 0.0425 × 3 = 828.75 I = $ 828.75 The simple interest accumulated on a principal of $ 6,500.00 at a rate of 4.25% per year for 3 years is $ 828.75. (More)
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Asked 10/16/2012 1:08:07 PM
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