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What is overriding in c?
Overriding relates to derived classes, where the derived class provides a new implementation for a method declared in the base class. The override is said to be a more-specialised implementation of the base class method, which is itself described as being a generic method. However, the derived class method can still call the base class method, if required.When the designer of a class can predict that their class will be derived from, they will normally provide virtual methods. These methods are expected to be overridden by the derived class. Overriding a non-virtual method can have side effects if the method is also overloaded. Overriding just one overloaded method will effectively hide all the other overloads in the base class, which may be undesirable.
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.
