The following- multiple choice questions may have more than one correct response

Question

The following- multiple choice questions may have more than one correct response. For full credit you will have to check all correct answers. Grading will be on basis of twice the number of correct responses minus the number of wrong answers If the relative error is positive, this means the measured value is greater than the actual object the measured value is less than the actual object the answer makes no sense none of the above statements are correct The APR value in a loan formula always has to be entered in decimal form must be divided by the number of compounding periods per year in a real life situation is always less than 1 is not described by any of the above statements the y in the compound interest formula represents the total number of years before you withdraw your money is 12 for monthly compounding is 4 for quarterly compounding could be a fraction if the money stays in the bank less than a year You can check if your answer in the savings problem is right by multiplying your payment by the total number of times you make deposits the answer should be less than the total amount the answer should be the same as the total amount the answer should be greater that the total amount none of the above are right Compound interest means you get interest on the interest is also involved in the loan formula is also involved in the savings formula is represented by all three of the above statements

Explanation / Answer

2>a,b
3>abc
4>a,d
5>b
6>abcd

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