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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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Dovator [93]

Answer:

Most of the actual work of legislating is performed by the committees and within Congress. Since no one member can be possibly be adequately informed on all issues in a way to provide for specializations,or a division of the legislative labor.

Explanation:

Legislation refers to the preparation and enactment of laws by a legislative body through its law making process. The legislative process includes evaluating,amending and voting on proposed law and is concerned with the words used in the bill to communicate the values , judgments ,and purposes of the proposal

3 0
2 years ago
how did patrick henry comment reflects the differences between the ideals of the war for independence and the reality of life in
Rama09 [41]
Patrick Henry was an attorney and politician who lived in the 1700s. He became a strong voice during the movement for independence in 1770. He commented on the differences between the ideals stated in the declaration of independence and the reality of life in those times. He became a major proponent of the Declaration of Independence which stated that all men are equal. The reality was that there were many inequalities between the colonialists and the British Overlords. The British imposed harsh taxes on the settlers in order to fund the growth and management of their empire. The people of America had finally had enough of this treatment by the British, which is one of the reasons why they started the move towards independence. 
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3 years ago
Mark lives in a densely populated American city and he buys groceries from the nearby corner store. The corner store mostly sell
zloy xaker [14]

Answer:

It can be inferred that Mark lives alone and could be financially unstable.

Explanation:

There can be several factors regarding such practice of Mark. Since he buys from a nearby store that has limited variety of products and canned food it can be assumed that Mark lives alone and there are not much residents to demand for change in purchasing of food items. Mark might also be financially unstable to travel to some other store variety products are available and are expensive for him to buy.

Moreover, it's also a possibility that Mark prefers canned food over fresh food.

6 0
3 years ago
Research that is done specifically to add to our general understanding of psychology, like distinguishing the components of extr
MrMuchimi

Answer:Option A

Explanation: Basic research is a type of research that seeks to expand,or add more knowledge to an existing understanding of a particular subject matter. The above research seeks to add to a general understanding of a theory in psychology, with this , from the above options ,option A has the best explanation for the type of research been referred to.

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3 years ago
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Alex73 [517]

Hi! Let's see.

Answer:

b. They needed more protection to survive in colder areas

Explanation:

Because they created their clothes to be able to survive from the cold, and they sought refuge like the big rocks where they hid from the cold, in this way they migrated seeking refuge.

I hope it serves you, lucky and greetings!

-Alejanndraax.

3 0
2 years ago
Read 2 more answers
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