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Earn +20 ptsQ: The amount of the promissory note plus the interest earned on the due date is called the?
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Continue Learning about Algebra
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
How do you calculate times interest earned if there was no interest expense?
Well that is easy there is none and there is no way you can do that
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