What is the difference between simple and compound interest?

Simple interest is paid as long as the money stays in the bank; compound interest is only paid for a year at a time.
Simple and compound interest are two names for the same thing.
Simple interest is paid once a year; compound interest is paid at least quarterly.
Simple interest is paid on the principal only; compound interest is paid on both principal and interest.

Answers

Answer 1

Simple interest is calculated on original, amount of a loan while Compound interest is calculated on the principal amount

What is interest?

Interest serves as the amount that is charged by the lender on a given loan.

There are simple and compound interest but the difference between them is that compound interest uses accumulated interest of previous periods in it's calculation.

Learn more about interest at:

https://brainly.com/question/1115815


Related Questions

What type of climate that is ideal for planting agricultural crops?

Answers

Temperate soils are generally viewed as more favorable to agriculture.

hope it helps u

An ideal climate for planting agricultural crops is generally a temperate climate. Temperate climates offer a balance of temperature, precipitation, and seasonal changes that are favorable for the growth of a wide range of crops.

Some key characteristics of an ideal climate for agriculture include:

1. **Moderate Temperatures:** Temperatures that are neither too hot nor too cold are ideal for most crops. Extreme heat can stress plants, while freezing temperatures can damage or kill them.

2. **Adequate Rainfall:** Sufficient and well-distributed rainfall throughout the growing season is crucial for crop growth. Water is essential for photosynthesis and nutrient uptake.

3. **Distinct Seasons:** Clear seasonal changes allow for different types of crops to be planted and harvested at different times of the year, maximizing land use and productivity.

4. **Frost-Free Growing Season:** A frost-free period is necessary for crops that are sensitive to cold temperatures. Frost can damage or kill plants, particularly during the early and late growing seasons.

5. **Sunlight:** Crops require ample sunlight for photosynthesis, which is the process by which plants convert light energy into chemical energy for growth.

6. **Well-Drained Soil:** Soil that drains well is important to prevent waterlogging and root rot. Proper drainage ensures that plants receive oxygen and nutrients while avoiding water stress.

7. **Moderate Humidity:** Moderate humidity levels help prevent excessive moisture-related diseases and fungal infections, promoting healthier plant growth.

8. **Low Incidence of Extreme Weather Events:** Regions with fewer occurrences of extreme weather events like hurricanes, cyclones, and tornadoes are more conducive to stable agricultural production.

To know more about agricultural crops:

https://brainly.com/question/33914719

#SPJ3

What do supporters of supply-side economics believe?

that demand for goods increases when prices rise
that taxes have a strong negative influence on economic output
that government should be used as a tool to increase demand for goods
that tax cuts have little impact on worker productivity

Answers

that taxes have a strong negative influence on economic output

Answer:

the answer is in fact that taxes have a strong negative influence on economic output

Explanation:

100%

What are some writing techniques about the importance of mental health awareness?

Answers

Answer:

Im unsure but heres something i found

Explanation:

Mental Health Awareness Month provides a timely reminder that that mental health is essential and that those living with mental health issues are deserving of care, understanding, compassion, and pathways to hope, healing, recovery, and fulfillment.

How do you perceive your family?

PLEASE ANSWER CORRECTLY IM SICK AND TIRED OF PEOPLE STEALING MY POINTS :')​

Answers

Answer:

"In general, people tend to see themselves through their own subjective lens," clinical psychologist Dr. Carla Marie Manly

This helps you to state your own perception of family.

Find how they do things and what causes them to do things, this can influence perception.

Explanation:

i hope this helps !

Describe five achievements of the organisation of African unity

Answers

Answer:

Briefly, the OAU has five purposes: the promotion of African unity; the achievement of a better life for the people of Africa; the defence of the sovereignty of the African states; the eradication of all forms of colonialism from Africa; and the promotion of international co-operation having due regard to the Charter of the United Nations and the Universal Declaration of Human Rights.

Explanation:

It is also explicitly spelt out that in pursuit of these purposes, the African states solemnly affirm their adherence to the following principles: the sovereign equality of all member states; non-interference in the internal affairs of states; respect for the sovereignty and territorial integrity of each member state and its inalienable right to independent existence; peaceful settlement of disputes by negotiation, mediation, conciliation or arbitration; unreserved condemnation of political assassination as well as of subversive activities on the part of neighboring states or any other states; absolute dedication to the total emancipation of the African territories which are still dependent; affirmation of a policy of non-alignment with regard to all blocs.

A rabbit is an herbivore. It would most likely eat _____.

a grass
b insects
c mice
d other rabbits

Answers

A) grass, herbivores are animals who only eat plants

(50 points) Read the diary entry from a Native American child, Awinita Fields Diary Entry:

Today, I helped my mother gather food for our evening meal. We left the village to search in the nearby forest. We filled two baskets with beautiful berries, some roots, and seeds. These will go well with the salmon my brothers caught in the river earlier today. They used the dugout canoe they built with father last week.

Mother and father remind us often that we should be thankful for the cedar trees. With them, we can build our houses. Our houses are long and made of cedar planks. The roofs are made from cedar bark. It keeps the rain out. The women of the village can even make clothes like skirts and raincoats from the bark. They pound it to make it into shreds first.

Tomorrow, my father and uncles will head to the mountains to hunt. They hope to bring back a deer or a bear. This would give the family more food to smoke for winter provisions. The deer hide would be good for making shoes. The bear fur would be wonderful to have for a winter cape. And I could add a bear claw to my shell necklace.

Make an inference about Awinita's family and their lifestyle.


A. Awinita's family eats more meat than berries or fruits.
B. Awinita's family is made up of nomadic hunters.
C. Awinita's family is very resourceful and productive.
D. Awinita's family wastes a lot of food and resources.

Answers

Answer: The answer is C

Explanation:

Ima genius :3

Answer:

c

Explanation:

c

explain as to what "morphological" means


don't give link as answers, thanks.

Answers

relating to the form or structure of things.

What do right-to-work laws do?

allow workers to work where they want
require that workers be paid at least minimum wage
force companies to hire minorities and women
ban mandatory union membership

Answers

Answer: ban mandatory union membership

Answer: D. ban mandatory union membership

Explanation:

pearson/gradpoint

When you hear sound, it has a pitch. What is change in pitch most related to?
ble?
A how loud the vibration is
B how long the vibration continues
Chow soft the vibration is
D how fast the vibration moves back and forth

Answers

I would say B because I searched it and it sounds more reasonable

What is symbolic exchange?

Answers

Answer:

Most basically, symbolic exchange is a form of exchange that maintains and organizes social relations and hierarchies. The difference to other forms of exchange is that the value of an exchanged object does not value the act of exchanging it.Jan 6, 2008

Explanation:

How does social norms affect social relationship?

Answers

Explanation:

Norms provide order in society. ... Human beings need norms to guide and direct their behavior, to provide order and predictability in social relationships and to make sense of and understanding of each other's actions. These are some of the reasons why most people, most of the time, conform to social norms.

Rhodes has an idea “gleaming and dancing before one’s eye” to form a secret society—what would be its purpose / goal? What do you think this idea is based on or motivated by?

Answers

Answer:

yes

Explanation:

50 public corporations in nigeria

Answers

Answer:

Nigerian communications commission (NCC)

Nigerian National petroleum corporation

Nigerian ports Authority

Power holding company of Nigerian

National Bureau of statistics

National teachers institute

National University commission

3 anti-federalist arguments against the constitution of the United States.

Answers

Answer:

Explanation:

fears that Congress might seize too many powers under the necessary and proper clause; concerns that republican government could not work in a land the size of the United States; and their most successful argument against the adoption of the Constitution — the lack of a bill of rights to protect individual liberties.

The “more business like” ____ approach is still at the end of today just one of many ways to be financially sustainable.

Answers

Answer:

Aggressive

Explanation:

Globalization is in which type of society?


a.
Hunting and Gathering


b.
Biotech


c.
Post-industrial


d.
Industrial

Answers

Answer:

post industial

Explanation:

Shays's Rebellion is one example of (1 point)

Answers

Answer: anarchy

Explanation:

Read it online

Mrs. Wilson and Mrs. Smith are sisters. Mrs. Wilson lives in a house in Duncan and Mrs. Smith lives in a condominium in Victoria. One day Mrs. Wilson visited her sister. When her sister answered the door, Mrs. Wilson saw tears in her eyes. "What's the matter?" she asked. Mrs. Smith said "My cat Sammy died last night and I have no place to bury him".

a woman cryingShe began to cry again. Mrs. Wilson was very sad because she knew her sister loved the cat very much. Suddenly Mrs. Wilson said "I can bury your cat in my garden in Duncan and you can come and visit him sometimes." Mrs. Smith stopped crying and the two sisters had tea together and a nice visit.

a busIt was now five o'clock and Mrs. Wilson said it was time for her to go home. She put on her hat, coat and gloves and Mrs. Smith put the dead Sammy into a shopping bag. Mrs. Wilson took the shopping bag and walked to the bus stop. She waited a long time for the bus so she bought a newspaper. When the bus arrived, she got on the bus, sat down and put the shopping bag on the floor beside her feet. She then began to read the newspaper. When the bus arrived at her bus stop, she got off the bus and walked for about two minutes. Suddenly she remembered she had left the shopping bag on the bus.

Answers

Answer:

Mrs. Wilson and Mrs. Smith are sisters. Mrs. Wilson lives in a house in Duncan and Mrs. Smith lives in a condominium in Victoria. One day Mrs. Wilson visited her sister. When her sister answered the door, Mrs. Wilson saw tears in her eyes. "What's the matter?" she asked. Mrs. Smith said "My cat Sammy died last night and I have no place to bury him".

Explanation:

Which describes what “logic” means as a method of philosophy?
a imagining what cannot be known

b requiring evidence for all arguments

c examining the structure of an argument

d using common sense to solve a problem

Answers

Answer:

d using common sense to solve a problem

Why is Princess Diana important in Women’s Studies?

Answers

Answer:

She is the mother and grandmother of every monarch after Charles. Her son William and grandmother to Prince George and Princess Charolette and Prince Louis and mother to Prince Harry and grandmother to any of his children. That covers alot of time in the Royal family well over a 150 years if all goes as it should. So she has created a dynasty of Royals. Princess Diana is important also because she brought world wide attention to the HIV-Aids epidemic.

Explanation:

Because she died in a car crash while being a princess and important to the royal family

What crisis did the French monarchy face in 1789?

Answers

Answer:

Rising costs in Paris achieved bread riots.

Explanation:

What are the parts of the muscular system?​

Answers

The muscular system is an organ system consisting of skeletal, smooth and cardiac muscles. It permits movement of the body, maintains posture and circulates blood throughout the body. The muscular systems in vertebrates are controlled through the nervous system although some muscles (such as the cardiac muscle) can be completely autonomous. Together with the skeletal system in the human, it forms the musculoskeletal system, which is responsible for movement of the body.

Answer:

The muscular system is an organ system consisting of skeletal, smooth and cardiac muscles.

Explanation:

I hope this helps!


12. How long ago did early men exist?( years ago )
A 1.8 million years ago
B. 3.5 million years
C. 33,000 years ago
D. 12,000 years ago

Answers

In the Palaeolithic period (roughly 2.5 million years ago to 10,000 B.C.), early humans existed.

what is spirogyra . explain​

Answers

Answer:

filamentous algae

According to 2 sources

Spirogyra is a filamentous algae, commonly found in freshwater ditches and ponds. Go through this article for a brief overview about these algae. Spirogyra is also known as pond silk, as its filaments shine like silk due to the presence of mucilage. The outer cell wall has pectin which dissolves continuously, thereby producing the mucilage

Knowledge is power.


a.
Post-industrial


b.
Industrial


c.
Biotech


d.
Agricultural

Answers

Answer:

a

Explanation: that is the answer

Knowledge is power of Post-industrial.

What is meant by post-industrial? Occurring in, existing in, or being a period of social and economic development after the predominance of large-scale industry.

A post-industrial society is a stage in a society's evolution when the economy shifts from producing and providing goods and products to one that mainly offers services

When was post-industrial ?Post-industrial society is a concept popularized by Bell (1973), describing the transition from a society predominantly based on the production of physical goods to a service-based one.

What are the main features of post-industrial society?

Essential Characteristics of Post-Industrial Society

People work with other people to deliver a service.Transformation of working class to professional middle class.Emergence of knowledge elites.Growth of multiple networks.Divide in society.

Learn more about Post - Industrial on:

brainly.com/question/2241769

#SPJ2

The Holland Code Career Test is designed to help people find what?

A.
a job or career that they are likely to find interesting and fulfilling

B.
the highest-paying job for someone of their abilities and skills

C.
the job that pays the most and requires the fewest years in school

D.
a job or career that will give them high status in their community

Answers

The Holland Code Career Test is designed to help people find a job or career that they are likely to find interesting and fulfilling.

The answer is option A.

The Holland Codes is a system to classify jobs into job classes, interest clusters, or paintings character environments. Within the Holland version, those classes constitute work personalities.

A Holland Code is a 3-letter code this is made from an individual's 3 dominant persona sorts out of six feasible alternatives, in step with a idea advanced through Dr. John Holland, a psychologist.

The Holland profession version is a short assessment of your persona and interests that you can use to discover careers that can fit your needs.

Learn more about Holland Code Career Test here: https://brainly.com/question/11813019

#SPJ1

Describe the relationship between supply, demand, and price. Write at least one complete paragraph.

Answers

Explanation:

supply this is the giving out of a product

demand this is the wanting of a thing

price this is the giving the amount of money to a particular product

Using your knowledge of elements and the periodic table

Answers

Periodic table is a tabular array of the chemical elements organised by atomic number

PLS HELPPPP
Guided by the discipline's three major theoretical approaches, come up with sociological questions about (a) television, (b) war, and (c) colleges and universities

Answers

I don't know the answer
Other Questions
ticket to florida from a centain city costs 249 does the airplane collect if 385 tickests are sold Consider the following arrangement with a frictionless/massless pulley. Determine the force F required to move block A if the coefficient of static friction between block A and the floor is 0.35 and the coefficient of static friction between block A and block B is 0.25 Which sign makes this number sentence true?|866| __ |-866|A. >B. How do I show my work for solving the radius of a circle if the area is 78.5 cm^2(I already know the answer is 5 cm) Find the coordinates of the image of (- 3, 4) under the transformation T- 2,3A. (1, - 1)B.(- 1, 1)C.(5, - 7)D.(- 5, 7) which rotation about its center will carry a regular hexagon onto itself Help me this question is so hard i fried up my brain yesterday working on it for so long!!!! Phonology is the study of __________. A. Words B. Syllables C. Sounds D. Punctuation. Which of Newtons Laws of motion help explain the following scenario?A paddle wheel boat pushes on the water and the water pushes back causing the boat to move Two Force 16N and 4N acts at rights angle each other calculate the resultant force abebe was painting the pate. change to passive voice Which line from "Sugihara" is used to build suspense? YUKIKO: "This is their answer? What about the safety of these foreigners?" CHIUNE: There is an old Samurai proverb: "Even a hunter cannot kill a bird that comes to him seeking safety." CHIUNE: "I'll issue hundreds of visas. Thousands of visas, if necessary." YUKIKO: "Chiune, we've only written 300 visas. There are thousands more to write. What are we to do?" PLZ HELPPPPPPP MEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Describe how the banks of a river are changed over time by both weathering and erosion. Can you compare and contrast life in Athens with life in Sparta using these answer Was a lot of thought given to how the formerly large rooms were divided? Which of the following is notone of the kingdoms of livingthings?a Fungib. Bacteriac. Animaliad. Protista What do the Lusitania and the Sussex have in common? PLEASE HELP I'LL GIVE BRAINLIEST!!!! AND I'M GIVING 100 POINTS!!!When Max was a puppy, he weighed 5 1/2 pounds. At his 1-year check-up with the vet, Max weighed 15.8 pounds.How much weight did Max gain between the time he was a puppy and his 1-year check-up?Enter your answer as a decimal or simplified mixed number in the box. Evaluate the expression.2[(2+10(1)2)+1]What is the value of the expression? Leah is writing an equivalent equation which solves for y. What should be her next step?3 x + 4 y = 8. 3 x minus 3 x + 4 y = 8 minus 3 x. 4 y = 8 minus 3 x.Add 4y to both sides of the equation.Subtract 4y from both sides of the equation.Multiply both sides of the equation by 4.Divide both sides of the equation by 4