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If a Customer Is Charged 1% Interest for an Invoice

Question 7

Multiple Choice

If a customer is charged 1% interest for an invoice that is 30 days, and the invoice amount is in Cell F8, the formula for the new invoice total would be:


A) =F8*.01.
B) =F8*1.01%.
C) =F8*1%.
D) =F8*101%.

Correct Answer:

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