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What else can I help you with?
What is the percent charged or earned on an amount of money?
Rate of interest.
What is meant by the term compound interest?
Compound interest means that the amount of interest earned during a period increases the principal, which is then larger for the next interest period.
What is the amount of money earned called?
Income? Wages? Not exactly sure what the question is related to.
Type of interest is calculated by adding the interest earned to the principle?
Compound interest
What it the amount of money earned at the end of the year by working?
The amount of money earned at the end of the year from working is called annual income. It represents the total amount of money earned over the entire year, before any deductions like taxes. This can be calculated by multiplying the monthly income by 12, or by summing up all income earned throughout the year.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
The amount of money earned in a year by a savings account is called the?
ANSWER It is called "interest".
How is the amount of interest earned on an investment calculated?
The amount of interest earned on an investment is calculated by multiplying the principal amount invested by the interest rate and the time the money is invested for. This formula is typically expressed as: Interest Principal x Rate x Time.
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called?
compoind interest
What is the percent charged or earned on an amount of money?
Rate of interest.
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called Answer discount interest compound interest primary interest?
If the interest is reinvested and so itself gains interest (in the next interest period) it is compound interest.
Is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
What is the value of compound interest?
Compound interest increases the amount earned by adding credited interest to the principal, and interest will then be earned on that money as well. The longer the principal and interest remain in the account, the greater the earnings they will accrue.
What is the effect of compound interest?
The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.
Income earned by a debenture holder is called?
interest
Why does compound interest earn more than simple interest?
With compound interest, in the second and subsequent periods, you are earning interest on the interest earned in previous periods. If you withdraw the interest earned at the end of every period, the two schemes will earn the same amount.
