Interest Is Equal To

question 12

Multiple Choice

Interest is equal to:

• A)Principal × rate divided by time
• B)Principal divided by rate × time
• C)Principal × time
• D)Principal × rate × time
• E)None of these

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Definitions:

E-Sign

An electronic method of providing consent or approval on digital documents.

Electronic Records

Digital forms of data or documents that are used to record transactions, events, or other significant information, stored electronically.

Article 2

A specific portion of the Uniform Commercial Code that governs the sale of goods in the United States.

UCC

The Uniform Commercial Code represents a detailed collection of statutes that regulate business dealings across the United States.