1. Provide 3 examples of structural attributes, 3 examples of sensory attributes, and 3 examples of performance attributes.
2. In applying most formulas involving a rate, a fractional or decimal equivalent of the rate is used. Explain how a rate can be mentally changed to a decimal equivalent.
3. The ordinary interest using exact time (banker’s rule) will always be higher than exact interest using exact time. Explain why this is true.