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Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is a simple interest in math?
Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.
Interest earned on interest is known as?
Compound Interest
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
Is David Walliams single?
No, David Walliams is not single.
Why did david walliams start writing and why?
When did david walliams start writing
How many kids does David Walliams have?
David Walliams has 1 child
When was David walliams?
David Walliams was born on August 20, 1971
Does David Walliams have kids?
Yes, David Walliams has 1 kids
What is the birth name of David Walliams?
David Walliams's birth name is David Edward Williams.
What is David Walliams's birthday?
David Walliams was born on August 20, 1971.
What town does david walliams live in?
David Walliams lives in London, England.
Where was David walliams born?
David Edward Williams;(aka David Walliams - was born in Merton, London
What is David Walliams's occupation?
David Walliams is a/an Comedian,actor,writer,television personality
Is david walliams in still alive?
David Walliams died on 2012-04-30.
What did david walliams study at uni?
David Walliams studied drama at the University of Bristol.
