There is a positive relationship between both the interest rate used to compound a present sum and the number of years for which the compounding continues and the future value of that sum.
<h3><u>What is interest rate?</u></h3>
The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal, or the loaned amount.
Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).
A savings account or certificate of deposit earnings at a bank or credit union may also be subject to an interest rate (CD).
The interest received on these deposit accounts is measured in annual percentage yields (APY).
In essence, interest is a fee assessed to the borrower for the use of a resource. Borrowed assets may include money, merchandise, automobiles, and real estate.
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The answer is intensive agriculture. It is define as using more money and labour to increase the yield of crops which was needed for Britain’s growing population
