The first thing you have to do is read the problem, so that you know what information it gives you, and you understand what it's asking you. We need the same facts before we can do anything with it, and you haven't told us anything. The only guess we can make from what you've given us is that it's probably a math problem about interest, not an interest problem about math.
False. Interest upon interest is compounded interest
Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.
A draw-card is a quality or feature that evokes interest liking (attraction) if you still don't understand here is a sentence ''most described natural beauty as the country's main drawcard"
Compound Interest
What do you understand by acting in the public interest
Using simple interest is easier for people to understand. Customers will be able to manage their payments if a business uses simple interest.
If someone is acting in the public interest, they are making decisions and acting in a way that benefits the community as a whole whether or not it benefits them personally. In a perfect world, all elected officials would act in this manner.
I've seen it attributed to Albert Einstein: "Compound interest is the 8th wonder of the world! Those who understand it -- EARN it. Those who don't -- PAY IT!"
Enlightenment
I found a few sites that can help you understand what an interest calculator means and here are the sites for you to have a look at www.webmath.com/simpinterest.htm ,www.webmath.com/simpinterest.html
I'm not trying to be difficult, but I don't understand how you HAVE mortgage interest if you rent. You carry a mortgage on your rented home?
First you have to understand interest (%) itself. Discount rates, expected returns, profit margins, WACC and etc can all sometimes mean the same thing. Understanding those will help you understand TVM. Economist of Perth
I don't think it is. I mean, I want to understand the whole picture, not just the interest. In the long run, you are paying for more than just the interest. It's good to know how much you will be paying in interest, but it's not the only thing to know.
You should make sure that you understand what the interest rate is of the loan you are refinancing. Also make sure you understand the risks involved.
Engage your students. Try to take an interest in what you are teaching and understand what you are teaching. Discussions are a good way to make sure students understand what you teach.
There are many ways to understand a lease calculator to help when leasing a home or car. You need to find out the interest rate, and calculate the total monthly cost of the product.