Multiple Choice
Match the following terms with their definitions.
-Simple interest formula
A) 360 days
B) Principal times rate times time
C) Cost of borrowing
D) 365 days
E) Result of applying the U.S. rule
F) Maturity value
G) Partial payment must be applied to interest first
H) Amount due on due date
I) Amount of money borrowed
J) Consumer groups against it
Correct Answer:

Verified
Correct Answer:
Verified
Q58: July 10 to March 15, given no
Q59: Use exact interest:<br> <span class="ql-formula"
Q60: The number of days between Aug. 9
Q61: Round all answers to the nearest cent.
Q62: The time of a loan could be
Q64: The amount a bank charges for the
Q65: Solve:<br> <span class="ql-formula" data-value="\begin{array} {
Q66: Rate is equal to interest divided by
Q67: In the U.S. Rule, the partial payment
Q68: Interest on $5,255 at 12% for 30