lkmartin1230 lkmartin1230

30-03-2019
Mathematics

contestada

How do Federal Reserve banks and the federal government typically calculate simple interest?

Respuesta :

mimifarooqui13 mimifarooqui13

30-03-2019

Interest (I) = Principal (P) X Rate (R) X Time (T)

They tend to use 'Exact Interest' in which Interest calculated using a 365-day year. Time that counts exact number of days in the month that the borrower has the loan

Hope this helps :)

Answer Link

30-03-2019

Answer:

Interest (I) = Principal (P) X Rate (R) X Time (T)

Hope this helps you:)

5INGH

Step-by-step explanation:

Answer Link

Otras preguntas

The oceans of the world are often referred to as commons. Give an example of one other such commons, explain how human activities affect that commons, and sugge

Prince Albert Canning PLC had a net loss of £"47,131" on sales of £199,652. In dollars, sales were $317,073. What was the net loss in dollars?

The composition of dry air at sea level is 78.03% N2, 20.99% O2, and 0.033% CO2 by volume. (a) calculate the average molar mass of this air sample (b) calculate

Read the charts. How are federal and state revenues similar? They both rely heavily on corporate income taxes. They both place limits on motor vehicle ta

Match the country with the letter that represents it on the map. 1 . C Portugal 2 . A Greece 3 . D Spain 4 . B Italy 5 . E Andorra

1.07 Exploraciones- La biblioteca

a circular mirror is surrounded by a square metal frame. the radius of the mirror is 2x. the side length of the metal frame is 10x. what is the area of the meta

California Public Employees’ Retirement System (CalPERS) manages pension and health benefits of California public employees and retirees. CalPERS collects money

According to the film, Humans Need Not Apply, Baxter, a general-purpose robot, has vision and can learn what you want him to do by watching you do it and Baxter

1.All changes in phase are called this type of change. 2.This affects the state of matter. 3. When you grind a material up what does it increase? 4. What is the

ACCESS MORE EDU ACCESS