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%.

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