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What is the meaning of interest rate in math terms?
The meaning of interest rate is the amount of money that you earn (or need to pay) for each 100 units of currency which you lend (or borrow) for a period - usually of one year.
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 is the meaning of extent of interest?
extent of interest
What is Attention Interest Desire Action?
meaning of interest and desire
What is the meaning of the term Public Interest?
The meaning of the term Public Interest is pretty much self explanatory as it refers to governing bodies doing what is right in the best interest of the public.
What a meaning of waiver?
anintentionalrelinquishmentofsomeright,interest,orthelike.anexpressorwrittenstatementofsuchrelinquishment
What do mean by interest?
People act in their own self interest, meaning that all they think about is themselves.
What is the meaning of Malayalam word rasavalayam?
circle of interest
What is the meaning for acting on public interest for accountant?
The meaning for acting on public interest for an accountant refers to the dedication to serving the public welfare. This is through objective analysis of the public policy.
What is the meaning of daughter?
The female offspring of the human species; a female child of any age; -- applied also to the lower animals., A female descendant; a woman., A son's wife; a daughter-in-law., A term of address indicating parental interest.
How many species of orca are there?
Orca meaning killer whale can be split into several diffrent species.
How many orca species are there?
Orca meaning killer whale can be split into several diffrent species.
What do economists mean by self-interest?
People act in their own self interest, meaning that all they think about is themselves.
What if the term for illegal overcharging of interest?
Every State has Usury laws - meaning limits on interest rates charged
