0
simple(interest is earned on the original principal) $100 earning 10% per month with earn $10 every month and compound(interest is compounded every set amount of time e.g. monthly and a new principal is derived) $100 earning 10% per month compounded monthly will earn $10 the first month after which it is compounded making the new principal $110 the next month will earn $11 and so on
What else can I help you with?
What does interest mean in maths?
In mathematics, interest refers to the cost of borrowing money or the return on investment earned on savings or loans. It is usually expressed as a percentage of the principal amount over a specific period of time. There are two main types of interest: simple interest, which is calculated only on the principal, and compound interest, which is calculated on the principal plus any accumulated interest. Interest is a fundamental concept in finance, affecting loans, savings, and investments.
Who many different types of years are there?
there are over 1000 different types of years
How many different types of gems are there?
This is a hard question but there are about 200 different types.
What are the different types of symmetry in geometry?
The different types of symmetry in geometry are symmetrical and asymmetrical.
What are the 4 different types of protists?
The 4 different types of protists are to get away from bacteria,
What is the effect of compound interest?
The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.
What are the different types of interest groups?
Three types of interest groups are civil rights interest groups, religious groups, and economic interest groups. Additional types include ideological interest groups, single-issue groups, and government interest groups. There are thousands of interests groups in all.
What are the six different types of interest groups?
Three types of interest groups are civil rights interest groups, religious groups, and economic interest groups. Additional types include ideological interest groups, single-issue groups, and government interest groups. There are thousands of interests groups in all.
What is the difference between earned income and ordinary income?
Earned income refers to money earned through active work, such as wages or salaries. Ordinary income includes all types of income, including earned income, interest, dividends, and capital gains.
What are the different types of earned respect?
Well there is respect earned by fear. Respect earned by people knowing you have knowldege. Respect earned by people who look up to you. Respect earned by people who believe you have great power
What are the different types of Main charactars?
* protagonist * antagonist * love interest * object of affection
What are the two different types of interest rates?
A fixed rate has the same rate of interest the entire life of the loan. A fluctuating rate varies with the prime interest rate.
Working and principle of stepper motor?
there are different types of stepper motors according to there working voltage such as 5-24v. there are different types and number of wires. this motor moves clock and anti clock wise .
Which department makes several different types of low interest long term loans?
Agriculture
What are the different types of degrees that can be earned in high school?
In high school, students can earn different types of degrees such as a high school diploma, a certificate of completion, or a general education development (GED) certificate.
What type of organism is in yogurt?
I hope that the different types of Yogurt and their facts may be of some interest to you. http://quazen.com/recreation/food/types-of-yogurt/
What is the rate of interest for different types of bank accounts in India?
The different types of banks in India are:Commercial BanksInvestment BanksRetail BanksWholesale BanksRural Banks
