How to I know if I should use the formula for simple interest or the finance solver?
because I was doing a past exam and I got the answer completely wrong cause I used the formula and not he finance solver
The finance solver for the simple interest page is the same as the formula instead on the finanical solver your inputting what it is asking you.
That being said, if you find the formula easier to use then do that as opposed to the financial solver.
This was a common thread of discussion when this study design came out was whether to use Financial solver for simple interest questions or just use the formula. It all came down to what you
personally feel comfortable with.
Also you shouldn't get the question right If you used the financial solver as opposed to the formula. They should both give you the correct answer.