If the Amount Payable in Two Years Is $2,420 for a Simple

question 26

Multiple Choice

If the amount payable in two years is $2,420 for a simple loan at 10 percent interest,the loan amount is

• A)$1,000.
• B)$1,210.
• C)$2,000.
• D)$2,200.

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Definitions:

Join Query

A query used to extract data that’s in two or more tables in a database.

Select Query

In Structured Query Language, displays a subset of data from a table (or tables) based on the criteria specified.

Criteria Query

A method of querying in a database or a data technology platform that uses specific criteria to filter or select data.

Related Records

Database records that are connected or associated with one another through a common field or relation.