MadhuvanthiMagge MadhuvanthiMagge
  • 13-12-2019
  • Mathematics
contestada

what is the difference between simple and compound interest?
write a simple definition of both and how to solve them.​

Respuesta :

morcar3498
morcar3498 morcar3498
  • 18-09-2020

Answer:

Step-by-step explanation:

Examples. A friend asks to borrow $300 and agrees to repay it in 30 days with 3% interest. How much interest will you earn? Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."

Answer Link

Otras preguntas

if a baseball bat was $79 and it increased by 5%, what's the new cost?
what is the percent of change from 10 yards to 13 yards
Water in the human body helps transport waste products in and out of cells. Question 11 options: True False
Which describes a process where a precipitate is formed? a. A solution of AgNO3 is added to a solution of CaCl2 to produce solid AgCl and a solution of CaNO3.
there are 26 third graders and 32 fourth graders going on a field trip. each van can carry 10 students how many vans are needed
what are the next two terms in the pattern 3, 6 5 10 9 18 17 ?
As the Cold War came to a close, _____ emerged as the only superpower.
describe how to create equivalent ratios
Where is the DNA located in a eukaryotic cell?
What makes radiation dangerous to cells