simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
There is no difference between "certain" and "for sure."
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
One is certain and the other in uncertain.
They both mean the same thing.
Calculation by certain procedure is maths whereas calculation by fingers,mind etc., is abacus
Simple: 160 + (1.6 x 4 x 2) = 172.80 Compound: 160 x (1.04)2 = 173.06
There is no difference between "certain" and "for sure."
The difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
12.248%
12%
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
One is certain and the other in uncertain.
There is not a big difference between tourist and excursionist. A tourist is one who visits a certain place for enjoyment. An excursionist goes to an area to see certain attractions.
The difference between letter of interest and letter of intent is :The letter of interest : The letter of interest can is dedicated to several very different situations, such as convincing the recipient of our interest in the subject heading. Indicating why we are interested.However, letter of intent : allows this regard for caution, expressing its willingness to carry out a project while reserving the right to finally not to conclude the contract. also gives a status to pre-contractual relations during a certain period. However, the content of the letter of intent is variable and the parties are free to determine the elements to which it relates.
The difference is that a political party is part of how a politician is identified and interest groups are groups that focus specifically on certain issues. Depending on the issue interest groups tend to support a political party. For instance the NRA which is for less strict gun control laws associates themselves with the Republican Party. An interest group that is supportive of equal rights for all Americans would associate with the Democrat Party.
The difference between a lump sum and annuity is, lump some you get a anywhere between half or 3 quarters of the money. An annuity is where you will get a certain amount of money for a certain amount of years.
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.