0
Still curious? Ask our experts.
Chat with our AI personalities
Fran
Rene
LaoAdd your answer:
Earn +20 pts
What interest applies when interest for each year is based on the amount of the loan or investment?
When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.
What is the importance of geometric progression?
It appears in any system where the growth (or decrease), at any stage is dependent on the level reached. Common examples: Compound interest (surely, nobody, except elementary maths pupils, uses simple interest!). Depreciation. Radioactive decay. Also, Pyramid selling schemes - until they hit the buffers of saturation!
What is uses of statistics in business organization?
easier for calculate profit
What are some of the everyday uses of negative integers?
divers use it to calculate how far below sea level they are, you also use them for temperature, and business(profit, loss, etc.)
What company uses geometry in their business other than construction?
Manufacturing company of drugs, petrochecmicals and astronomers. Moreover, some manufacturing and engineering companies used it for their research in laboratory.
