lf9HannahBealyn
lf9HannahBealyn
03-02-2017
Business
contestada
What does compounding interest mean??
Respuesta :
Trisomy21
Trisomy21
03-02-2017
Compounding interest is interest on top of interest.
For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.
That means that you get 10% interest not only on those 100 bucks, but all the money you make after.
So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.
I hope this helps and please press that ❤ under my reply, it really helps!
Answer Link
VER TODAS LAS RESPUESTAS ( 24+ )
Otras preguntas
Bromine can be classified as a
What did the five spots of paint on the outside of the house reveal? A)The precautions the house took to defend itself B)The new paint colors Mrs. McClellan
Who was the first president to have a phone
Y-3x=-2 3x=y+6 Solve system..
Which is true about the line whose equation is y + 3 = 0? The slope is zero. The y-intercept is 3. The slope is 3. The value of x always equals the value of y.
Which reactions are oxidation-reduction reactions? Check all that apply
Find the median of the following data: 8, 17, 12, 14, 8, 21, 10, 11, 19, 20, 10, 5, 17, 12, 10, 20 O A. 10 O B. 16 O c. 12 O D. 14
Roger is trying to understand why the product of a positive number and a negative number should be negative. How would you explain to Roger why two times -4 ove
Which equation is graphed here?
which statement describes a cause of the cold war?A. Americans joined NATOB. Sovietd began promoting capitalismc. Westerns feared soviet world dominationD. Sout
