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You have confused between the terms. Simple interest and interest at flat rate is one and the same. The other type of interest is diminishing balance or reducing balance. These are interests associated with loans or finances sought. Well a simple rule of thumb is that usually simple interest rate is about half of rate on reducing balance. For e. g. if rate at reducing balance is 12% then simple interest for the same will be around or just more than 6%
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What are the similarities between cardinal and ordinal approach?
they both obey the diminishing returns theory
Does led float?
"Led" cannot float as it is a past tense verb.
Can a laptop float?
No
Why does float exist and what effect would electronic funds transfer systems have on float?
[object Object]
What is the float height for a Yamaha blaster?
20 - 21.5mm off the seat of the bowl gasket to the top of the float
Is 6.25 high interest rate on a 125000 loan?
Depends on what loan it is and what is the interest type (Fixed or diminishing balance) If diminishing balance it is very cheap if it is fixed then it is a bit on the higher side.
How do you convert diminishing rate of interest to flat rate of interest?
Converting the flat rate of interest to diminishing rate and vice versa takes into account the payments the loan entails. Flat interest rates reflect the amount of interest you will pay if no payments over time are made. Diminishing interest rate factors in that after a payment is made, your over all loan balance will be less, there for your next payment will have slightly less principal balance for interest to be calculated on.
How do you find simple interest using constructor in c plus plus?
#include<iostream.h> #include<conio.h> Class interest { Private: Float principle, time, rate, interest; Public: Interest (); Interest (float, float, float); Void display (); }; Interest:: interest () { Interest =0; Principle = 0; Time=0; Rate=0; } Interest:: Interests (float p, float t, float r) { Principle=p; Time=t; Rate=r; Interest=0; } Void interest:: display () { Interest = (principle * time * rate) /100; Cout<<"\n interest="<<interest; } Void main () { Float p, t, r; Cout<<"\n enter the principle, time, rate"; Cin>>p>>t>>r; Interest obj (p, t, r); Obj.dispay (); getch (); }
Can you compare float with double values?
Why have you not try? Of course you can.
Where can one compare interest rates for loans in the US?
There are a number of different places that one can compare interest rates in the US. Some of these companies that one can compare interest rates for loans in the US are Nerd Wallet and Deposits Interest Rate Exchange.
How can one compare bank interest rates?
There are a number of websites that will allow one to compare different bank interest rates. These include Money Supermarket and Compare The Market amongst others.
How does Citibank interest rates compare to other banks?
Citibank interest rates are almost the same as the other banks. They might have a few different interest rates, depends on what kind of product, the interest would be different compare with other banks.
Where can one compare interest rates?
One can compare interest rates in a number of different places. Geico and Atlas are two companies that list interest rates of other companies for insurance and credit cards.
Which online sites offer the ability to compare bank account interest rates?
There are a number online sites that allow one to compare interest rates on bank accounts and loans. These include Money Savings Expert, Go Compare and Compare The Market.
Where is it possible to compare interest rates for loans online?
It is possible to compare the interest rate loans online from the following sources: Tesco Bank, UK Loan Deals, Compare The Market, Money Supermarket, Bonkers.
How can one compare the interest rate charged by mortgage lenders?
The easiest way to compare the interest rate charged by mortgage lenders is to use websites such as moneysupermarket and the website known as realtor. Alternatively using the National Consumer Agency website will allow you to compare interest rates.
Where can one compare remortgage interest rates?
There are a few sites dedicated to comparing remortgage interest rates. A couple of them are as follows: Remortgage-Me and Remortgage-Search. Both of these sites have facilities to compare interest rates for remortgage.
