0
Add your answer:
Earn +20 pts
Is the interest accrued on a student loan simple or compound interest?
its compound interest
Compound interest is interest paid on interest previously earned?
yes
Does the amount of interest earned each year increase decrease or stay the same in a simple interest account What about in a compound interest account?
Simple interest: stays the same. Compound interest: increases.
Does banks charge simple or compound interest on overdraft?
compound
Is simple or compound interest faster?
Calculation of simple interest is faster in comparison to compound interest. In the latter, interest is added up with the principal amount and interest is charged on that added amount in the next period calculation.
Which type of interest is calculated by adding the interest earned to the principal?
compound... yes it is 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 calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
Which of the two is exponential function the simple or the compound interest?
Compound interest.
WHAT does the carrot in the formula for compound interest means?
There is no carrot in the compound interest formula!
How do you solve compound interest formula for n?
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
What is earning interest on interest called?
Compound interest
Interest earned on interest is known as?
Compound Interest
What is 7.4 percent compound interest on 500.00?
The interest for 1 year is 37.00, whether it is simple or compound interest.
What is the effect of compound interest?
The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.
