Hasnainhaider
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
Wiki User
∙ 14y agoThere is no difference between "certain" and "for sure."
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
One is certain and the other in uncertain.
They both mean the same thing.
Simple interest is interest that is applied to the original amount for the whole period of the investment or loan. This is unlike compound interest where the interest received on an investment is re-invested, or the interest due on a loan is added to the loan outstanding if unpaid, and so itself gains interest. With simple interest on loans, it is often calculated that borrowing a certain amount for a number of years will be charged at a certain rate for the whole period; then at the end of the period of borrowing the original loan and all the interest are repaid at that moment. However, if monthly repayments are made, then part of the original loan as well as the interest for the month are repaid; this means that not all the loan is borrowed for the whole period and so the real [effective] rate of interest for the period is actually higher than the given rate as that given rate assumes no part of the loan is repaid until the very end.
Simple: 160 + (1.6 x 4 x 2) = 172.80 Compound: 160 x (1.04)2 = 173.06
There is no difference between "certain" and "for sure."
The difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
12.248%
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
One is certain and the other in uncertain.
The difference between letter of interest and letter of intent is :The letter of interest : The letter of interest can is dedicated to several very different situations, such as convincing the recipient of our interest in the subject heading. Indicating why we are interested.However, letter of intent : allows this regard for caution, expressing its willingness to carry out a project while reserving the right to finally not to conclude the contract. also gives a status to pre-contractual relations during a certain period. However, the content of the letter of intent is variable and the parties are free to determine the elements to which it relates.
The difference is that a political party is part of how a politician is identified and interest groups are groups that focus specifically on certain issues. Depending on the issue interest groups tend to support a political party. For instance the NRA which is for less strict gun control laws associates themselves with the Republican Party. An interest group that is supportive of equal rights for all Americans would associate with the Democrat Party.
Contrast refers to the difference in color, brightness, or texture between elements in a design. It helps create emphasis, visual interest, and hierarchy in a composition by making certain elements stand out from others.
There is not a big difference between tourist and excursionist. A tourist is one who visits a certain place for enjoyment. An excursionist goes to an area to see certain attractions.
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
The difference between a lump sum and annuity is, lump some you get a anywhere between half or 3 quarters of the money. An annuity is where you will get a certain amount of money for a certain amount of years.