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What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
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 does interest paid mean?
Interest Paid may appear on account sheets and bank statements, etc, and is the amount of interest paid (usually by a bank) on savings in a deposit (and some other) accounts. For instance, the interest paid may be a gross figure, any tax taken out will leave a net amount.
