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Which interest method is most widely used by the Federal Reserve?
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Question|Rated good
Asked 6/17/2012 12:49:47 PM
Updated 4/3/2023 12:55:41 AM
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Which interest method is most widely used by the Federal Reserve?
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User:
Which interest method is most widely used by the Federal Reserve?
Weegy:
Simple Interest
Expert answered|
abhik1100
|Points 499|
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Question|Rated good
Asked 6/17/2012 12:49:47 PM
Updated 4/3/2023 12:55:41 AM
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Aj25
Administered rate of IOR is most widely used by the Federal Reserve.
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Added 4/3/2023 12:55:39 AM
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Questions asked by the same visitor
The amount of a loan that is borrowed is known as the what
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Question
Updated 6/17/2012 1:02:49 PM
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8
debnjerry
The amount of a loan that is borrowed is known as the principal.
Added 6/17/2012 1:02:49 PM
This answer has been confirmed as correct and helpful.
Confirmed by
yumdrea
[12/28/2015 10:21:41 AM]
The amount charged for use of bank's money is called what
Weegy:
The amount charged for use of bank's money is called interest.
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Question
Expert Answered
Asked 6/18/2012 10:24:06 AM
0 Answers/Comments
is July 10 to March 15 is 119 days
Weegy:
No, July 10 to March 15 is 268 days.
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Question
Expert Answered
Asked 6/18/2012 11:01:17 AM
0 Answers/Comments
anet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was September 20. Janet hoped to repay the loan on January 20. Assuming the loan is based on ordinary interest, Janet will pay back interest on January 20
Weegy:
$7000*.08=560 560*1/3-186.67 in interest charges
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Question
Expert Answered
Asked 6/18/2012 11:10:13 AM
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is principal is equal to rate divided by interest times time
Weegy:
I=PNR/100.So p=I*100/N*R
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Asked 6/18/2012 11:20:08 AM
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