For Steel Identified as SAE 1020, the First Two Numbers

question 133

True/False

For steel identified as SAE 1020, the first two numbers (10) identify the type of steel and the last two numbers (20) specify the approximate amount of carbon in hundredths of a percent (0.20% carbon).

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Definitions:

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Compounded Semi-Annually

Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Deposits

Money placed into a financial institution for safekeeping, which may earn interest over time.