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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.
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
Is gross interest the same as compound interest?
No.
What are the benefits of using doubly compound interest for long-term investments?
Doubly compound interest can help investments grow faster over time due to the compounding effect on both the principal amount and the accumulated interest. This can lead to higher returns compared to simple or single compound interest, making it advantageous for long-term investments.
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.
