answersLogoWhite

0

What is compount interest?

Updated: 12/16/2022
User Avatar

Wiki User

13y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is compount interest?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Math & Arithmetic

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

Related questions

A compount needed for photosynthesis?

water


Is hydrogen a compount or element?

element


Is carbon a element or a compount?

Carbon is an element.


What are plastic wraps made of?

Poly vinnil --- compount. or polyester


First found compount in photosynthesis?

the removal of hydrogen (H) atoms from water molecules


Is boron a compount or element?

Boron is an element. The lightest member of group 13 with 3 valence electrons


What is the name CD as a compound?

Remember that a compound is the combination of two or more elements. Cd is the symbol for an element (not a compount) named Cadmium.


What is the malahide made of?

"Malahide" is an Irish town located near Dublin. Maybe you mean the preservative, "Formaldehyde" which is an organic compount: CH2O, which is made from carbon, hydrogen, and oxygen


What air Chambers are used in healing open wounds?

its really called a healing chamber;it has special chemical compount specificly formulated to speed the recovery process.its kinda neat


What is the name of the compount copper 2 acetate?

Copper (II) acetate has the chemical formula Cu(CH3COO)2.It is the primary component of verdigris, the green patina seen on copper statues.


What laboratory apparatus can keep 100 grams of a compount from absorbing atmospheri moisture?

The laboratory apparatus that can keep 100 grams of a compound from absorbing atmospheric moisture is a desiccator. A desiccator is a glass container or apparatus that is used mainly for drying and preventing moisture from the specimen.


Since atoms have charge and molecules are made of bonded atoms in a specific shape what can a high concentration of positive Hydrogen ions do to the shape of a molecule?

The electromagnetic field would draw the structure towards the Hydrogen side of the molecule, making it a polar ionic compount.