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Q: What is Simple interest is computed on?
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Related questions

What is the simple predicate in the sentence leibniz's model computed higher numbers?

In this sentence, the simple predicate is "numbers."


The number of times interest charges are earned is computed as?

Type y income before income tax plus interest expense, divided by interest expense our answer here...


What is the Formula for simple interest rate?

The answer for rate in simple interest is =rate= simple interest\principle*time


What is the calculation for a simple compound interest rate?

There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.


What makes the simple interest simple?

It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.


Is the annual interest rate the same as simple interest?

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.


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.


What is the maximum allowable interest rate on a promissory note between two private parties in the state of Georgia?

If the promissory note is for less than $3,000, the maximum allowable interest rate in Georgia is 16% per year. If the promissory note is for $3,000 or more, the maximum allowable interest rate in Georgia is 60% (yes - 60%) per year and may only be computed as simple interest.


Definition of simple interest?

Simple interest is a term that is used for quickly calculating the interest charge on a loan.


what is the formula of simple interest?

The formula for simple interest is: A=P(1+rt)


Difference between simple and compound interest?

Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.


Disadvantage of simple interest?

Simple interest is calculated on the principal amount only, which may sound like a good idea at first. The problem with simple interest loans is that the interest is calculated daily instead of monthly. This means you will end up paying more in interest with a simple interest loan.