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Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is a simple interest in math?
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.
Interest earned on interest is known as?
Compound Interest
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
In what jobs do you use exponents?
you can use it in accounting/financing to solve for comound interest.
Is ammonia a mixture comound or solution?
It's a compound.
If salt is NaCl what atom does the comound contain?
sodium, and chlorine
Is water a comound?
yes, solid, liquid, and gas are all compounds.
Is the comound HCI an acid or base?
In solution this is an acid. Hydrochloric acid.
This is a group of words that states the main thought of a sentence and is complete within itself.?
comound complex sentence
What is the comound name for cl4f7?
The compound name for Cl4F7 is tetrachlorine heptafluoride.
What is a major comound in deep cave stalactites?
Stalactites and stalagmites are normally made up from a mineral called Calcite.
Is N02 ionic comound?
No, it is a covalent unstable molecule due to presence of one unpaired electron in nitrogen atom, it exists as the brown gas .
What are the active ingredients in lidocaine?
Lidocaine is its own drug. it is of the caine family of drugs and often combined with benzocaine or prilocaine to produce a comound for anesthetic purposes.
Does it matter what your pots and pans are made of?
Typically, your pots that are made from iron will take a little longer to eat up as opposed to aluminum. There is some comound in the aluminum that allows the heat to spread quicker through it and thereby cook your food faster.
What is earning interest on interest?
Compound interest. This is where you work out the interest on a number, then work out the interest on top of the number with the interest added.
