首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Interest is the sum charged for borrowing money for a fixed period of time. Principal is the term used for the money that is bor
Interest is the sum charged for borrowing money for a fixed period of time. Principal is the term used for the money that is bor
admin
2012-02-07
53
问题
Interest is the sum charged for borrowing money for a fixed period of time. Principal is the term used for the money that is borrowed, and the rate of interest is the percent per year of the principal charged for its use. Most of the profits for a bank are derived from the interest that they charge for the use of their own or their depositors’ money.
All problems in interest may be solved by using one general equation that may be stated as follows:
Interest = Principal X Rate X Time
Any one of the four quantities—that is, interest, principal, rate, or time —may be found when the other three are known. The time is expressed in years. The rate is expressed as decimal fraction. Thus, 6 percent interest means six cents charged for the use of $ 1 of principal borrowed for one year. Although the time may be less than, equal to, or greater than one year, most applications for loans are for periods of less than one year. For purposes of computing interest for short periods, the commercial year or 360 days is commonly used, but when large sums of money are involved, exact interest is computed on the basis of 365 days.
At 4 percent interest for the use of $ 1 principal, how much would one pay?
选项
A、Six cents per year
B、Twenty-five cents per year
C、Four cents per year
D、One cent per year
答案
C
解析
本题可以按给出的公式Interest=Principal×Rate×Time就能得出$1×0.04×1=$0.04。本题也能与Thus,6 percent interest means six cents charged for the use of $1 of principal borrowed for one year.对比得出答案。
转载请注明原文地址:https://kaotiyun.com/show/Bsii777K
本试题收录于:
GCT工程硕士(英语)题库专业硕士分类
0
GCT工程硕士(英语)
专业硕士
相关试题推荐
下列选项中,哪些属于宪法所规定的公民的文化权利?()
Schoolsecretary:Goodmorning.CanIhelpyou?Student:Yes,I’dliketoenrollformecourse.Schoolsecretary:______
PresidentCoolidge’sstatement,"ThebusinessofAmericaisbusiness",stillpointstoanimportanttruthtoday—thatbusinessin
Thebesttitleforthepassageis______.SocialetiquetteintheUnitedStatesallowspeopleto______.
Pupil:Iapologizeforbeinglatethismorning.Myalarmclockdidn’tring.Teacher:______.
Patient:Istrainedmybacktheotherdayworkinginthegarden.Doctor:______.
I’dratherhavearoomofmyown,howeversmallitis,than______aroomwithsomeoneelse.
Mum:Let’sgoandseegrandmasometimeduringthebreak.Daughter:Great.Whattime?Mum:______
______foryourlaziness,youcouldhavefinishedtheassignmentbynow.
Communicationisthesendingofinformationornewsfromonepersontoanother.Ifhumanbeingscouldnotcommunicatewithonea
随机试题
Banksarenotordinarilypreparedtopayoutallaccounts:theyrelyondepositors(储户)nottodemandpaymentallatthesametime
胃溃疡的主要超声诊断依据不包括
小儿高血压的标准是()
一般解决争端的方式有()。
监理单位的质量责任和义务包括( )
【B1】Meanstheassemblyofsmallparcelsofcargofromseveralconsignorsatonepointoforiginintendedforseveralconsig
下列各项作业中,属于单位作业的是()。
某市电视机厂为增值税一般纳税人,2019年3月销售电视机,向某代理商销售2000台,由于量大,给对方5%折扣,开具增值税专用发票注明单价2000元/台,在备注栏注明了折扣额;向某商场销售100台,不含税售价2200元/台,当月取得进项税专用发票注明的
下列不属于公共航空运输企业应当履行的义务的是()。
关于社会主义法治理念的理解,下列表述正确的是()
最新回复
(
0
)