Compound interest
No.
Compound
simple interest = principle (money) times the rate times the time
Well that is easy there is none and there is no way you can do that
The amount of the promissory note plus the interest earned on the due date is called the maturity value.
compound
No.
compound... yes it is compound interest.
Compound
comopound
Compound
true
A sinking fund makes money grow over time by adding interest to previous interest earned. ... The rate of return matters when it comes to compound interest.
Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
The interest earned on government bonds is calculated on the face value of the bond plus the interest that has been earned on the bond.
This answer is False!!