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compound interest increases interest more than simple interest
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What interest applies when interest for each year is based on the amount of the loan or investment?
When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.
What is the importance of geometric progression?
It appears in any system where the growth (or decrease), at any stage is dependent on the level reached. Common examples: Compound interest (surely, nobody, except elementary maths pupils, uses simple interest!). Depreciation. Radioactive decay. Also, Pyramid selling schemes - until they hit the buffers of saturation!
What is uses of statistics in business organization?
easier for calculate profit
What are some of the everyday uses of negative integers?
divers use it to calculate how far below sea level they are, you also use them for temperature, and business(profit, loss, etc.)
What company uses geometry in their business other than construction?
Manufacturing company of drugs, petrochecmicals and astronomers. Moreover, some manufacturing and engineering companies used it for their research in laboratory.
What interest applies when interest for each year is based on the amount of the loan or investment?
When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.
What are the advantages of using simple interest?
Using simple interest is easier for people to understand. Customers will be able to manage their payments if a business uses simple interest.
What are some uses for the organic compound urea?
Since urea is an organic compound, the body has many uses for it. The most important being the use of excreting Nitrogen. It is also used in fertilizers since it is a good source of Nitrogen.
What are examples of compound and its uses?
Compound is made out of different types of atoms. Some of the examples are, H20, Co2, KMno4. Elements are made out of only the same atom.
What are the uses of soda compound?
it has GAS
What types of microscope do scientist use?
compound and light microscopes are used in some labs compound uses a mirror to reflect and a light gives a light source to it
Is H1.9O1.9 a formula of a compound?
No. A true compound formula uses whole numbers.
What are oxygens compounds and their uses?
Some oxygen compounds are acids and water is a oxygen compound and it's VERY IMPORTANT.
What are the domestic uses of a Slide Compound Miter Saw?
There are many domestic uses of a Slide Compound Miter Saw. The domestic uses, for the Slide Compound Miter Saw, include using it for woodwork or cutting through any sort of material.
Real life example of rational exponents?
A rational exponent is an exponent in the form of a fraction. Many financial formulas use rational exponents. Compound interest is formula that uses rational exponents.
What is unique about a metallic compound?
A metallic compound uses its sea of electrons, which are delocalized throughout the compound, to have higher ductility.
What is the example of acid compound and their uses?
sorry
