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What is the difference between simple interest and compound interest is one better than the other why or why not?

With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods. As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!


What is the percentage of kids who move out at or before age 18?

According to the US Census from 2002, the answer to this question is about 8 percent. The reasons why the number is not higher is primarily due to the difficulty in earning enough money to live on your own without a high school diploma or GED.


How do you save 3000 dollars?

By earning 3000 dollars more than you spend. Basically, you can concentrate on earning more, on spending less, or a little of both.


How many people earn 1 million dollars a year in la Canada ca?

The exact number of individuals earning $1 million or more annually in La Cañada Flintridge, CA, is not publicly available. However, it is a relatively affluent community, and a small percentage of its residents likely reach that income level. Generally, high-income earners in such areas may include successful professionals, business owners, and executives. For precise statistics, local government or economic reports would provide the best insights.


What amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?

The amount of money that earns interest is known as the principal. When multiplied by the interest rate and the time period for which the money is invested or borrowed, it determines the total interest earned or paid. This relationship is often expressed in the formula for simple interest: Interest = Principal × Rate × Time. The resulting figure represents the interest accrued over that specific duration.

Related Questions

Is a charge levied for borrowing money generally earning a percentage of the amount borrowed.?

Interest On E2020 Government quiz


True or false The repayment of a loan reduces the borrowing companys retained earning?

Yes


What is the percentage of Americans earning over 120000 dollars per year?

If you are earning over 120,000 a year, you are in the top 20% of Americans. However, a percentage of this makes much more.


Percentage of US women earning college degrees in 1935?

5


What is the percentage of UK population earning over 100000 pounds per year?

1


What are domestic interest margins?

It net interest income as a percentage of average interest-earning assets


Net earning of 740 per month if paid 200 on rent what percent of her income is her rent payment?

Rent payment percentage as follows: Percentage = 200 / 740 * 100 = 27%


How does a one time earning payment affect unemployment benefits?

Generally it offsets the unemployment compensation in the week paid.


How does the government tax if you earn 2.00?

No tax.Fining and payment of taxes is reserved for those earning above certain amounts...generally about 12,000 a year.However, those earning less may benfit, that is receive money, by filing.


What is the process of earning and receiving cash back through a continuous loop?

The process of earning and receiving cash back through a continuous loop involves making purchases using a cash back credit card, earning a percentage of the purchase amount back as cash rewards, and then using that cash back to make more purchases, thus creating a continuous cycle of earning and receiving cash back.


What is the maximum percentage of Social security benefits that may be taxable?

The maximum taxable portion is 85%, based on a single person earning $34,001 per year or more, or a couple earning $44,001 per year or more.


If the Revenue for the week is 2000 and labor cost consists of two workers earning 8 per hour who work 40 hours each what is labor cost as a percentage of Revenue?

If the Revenue for the week is 2000 and labor cost consists of two workers earning 8 per hour who work 40 hours each, the labor cost as a percentage is 68%.