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Earn +20 ptsQ: What does interest paid mean?
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What is uncapitalised interest?
It is interest that is paid separately. For an investor, it is paid out to the investor and not rolled into the investment.
What is the fundamental difference between simple and compound interests?
Simple interest:Every time interest is paid, it's paid on the amount you originally put in.Compound interest:Every time interest is paid, it's paid on the amount you had after the last time interest was paid.So, part of the interest that's paid today is interest on all the interest that's ever been paid, ontop of the amount you originally put in.
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
What is interest paid on the original principal plus any interest that has been left in the account?
Campound interest
How much interest will be paid in 1 year for a loan of at simple interest?
missing word
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