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Ber [7]
3 years ago
10

Most credit card offers use compounding interest. This is usually called the annual percentage rate, or APR. When the interest i

s compounded frequently
Social Studies
2 answers:
stich3 [128]3 years ago
7 0

Answer:

<em>Simple interests</em> are only calculated on the principal, which is good for the borrower, and good but not so great for the lender.

Now since <em>Compound Interests</em> are calculated on the principal moreover on the already earned interests according to each period, it's a great deal for the lender due this is: "interests on interests" thus <em>the balance grows faster</em> and the wealth grows exponentially, but not so good for the borrower due they end up paying more; wherefore they're advised to opt for <em>wider periodicity</em> on cards accordingly, because when the interest is compounded frequently <em>the balance grows faster</em>.

Explanation:

lyudmila [28]3 years ago
3 0

Answer:

When the interest is compounded frequently the balance grows faster.

Explanation:

As you saw in the question above, most credit cards use compound interest. This means that this card will charge a certain amount in relation to the value of the purchases you made using the card. For you to understand better, let's cite an example:

Let's say that your credit card charges a 10% fee on the amount of your invoice. Thus, if your bill is 100 dollars and you have not paid, next month the 10% interest will be applied to your debt and your bill will cost 110 dollars. If you do not pay again, you will be charged an additional 10% fee on your new debt and you must pay $ 121.

In summary, we can say that when the interest is compounded frequently the balance grows faster.

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Answer:

obsessive-compulsive disorder                                                                                                        

Explanation:

Obsessive-compulsive disorder: In psychology, obsessive-compulsive disorder is also denoted as OCD, and is defined as a specific "mental health disorder" that generally affects different persons ranging in ages and therefore it lasts through the life of the person. It generally occurs when an individual unintentionally get caught into different cycles of compulsions and obsessions.

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1. Fear of losing things a person might need.

2. Fear of harming oneself and others.

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In the question above, Melanie's symptoms are best described by obsessive-compulsive disorder.

7 0
3 years ago
Why else was it significant that the ideas in the declaration of independence created a new national identity?
ololo11 [35]
It would get them noticed by other countries, it will allow them to send more supplies and troops; generating allies. Allies they needed especially going against the strong military of England at the time.
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3 years ago
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6 0
2 years ago
They were the main cities of Ancient Egypt and both on the River Nile. What are these two main cities? pls answer
sleet_krkn [62]

Explanation:

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Also, I don't know why, but it also says Cairo and Alexandria were both on the Nile River. I believe these two would be correct.

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