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Earn +20 ptsQ: What is the difference between simple interest earned and simple interest paid?
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What is the formula for difference between simple interest and compound interest?
P(r/100)^2
Are Simple interest calculated as a percentage of the bank balance and interest earned?
This answer is False!!
How is simple interest earned?
Thats what im wondering
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is difference between bankers discount and true discount?
The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
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