Simple interest interest which is charged as a percentage of the original amount lent for the whole borrowing period. So let's say You borrowed $100 from the bank and they want you to pay a one time interest fee of 10%. When paying them back you would give them $110. Compound interest<span> is the interest which is charged as a percentage.The Original price(interest rate) plus accumulated interest of prior periods. In this method they add up the interest earned in the previous years to the initial price, thus increasing the original amount.</span>
Interest<span> is the cost of borrowing money, where the borrower pays a fee to the owner for using the owner's money. </span> Simple interest is only based on the principal amount of a loan, while compound interest is based on the principal amount and the accumulated interest.
For example, a student obtains a simple interest loan to pay one year of her college tuition, which costs $18,000, and the annual interest rate on her loan is 6%. She repaid her loan over three years and the amount of simple interest she paid was $3,240, or $18,000*0.06*3. The total amount she repaid was $21,240, or $18,000+$3,240.
Suppose another student obtains a compound interest loan to pay one year of his college tuition, which costs $20,000, and the annual interest rate on his loan is 8%. Unlike the simple interest, the compound interest accrues on both the principal and the accumulated interest. He repaid his loan over four years and the amount of compound interest he paid was $7,209.77, or $20,000*((1+0.08)^4 - 1) and the total amount he repaid was $27,209.77, or $20,000+$7,209.77.
I assume this is referring to the font <u>point</u> (pt) or the font <u>size</u>, for example, 11pt as you have on that image.
If this is referring to the name of the specific part of a word processing program to change font size please let me know and I will do some searching to find your answer.
The correct option is A. Extractive industries are those industries that are involved in the extraction of raw materials from underneath the earth surface. It includes those industries that extract metals, minerals, crude oil, etc from the ground. This industry is the one responsible for mining the natural resources that are available in a country. Examples of extractive activities are mining, dredging, quarrying, gas and oil extraction.
The correct answer should be an increase in quantity supplied and an increase in price. Since people want it, it will be provided more. It's supply and demand, the more you have a need for something the more will be produced, and vice versa. Of course, the owners will use the situation to earn a lot because people will want to buy it so the price will probably go up too.
Answer: one firm, a unique product, price control, and entry barriers. (C)
Explanation:
A pure monopoly is a form of market structure where there is only one company that is the single source for a product and no close substitutes for the product. Pure monopolies are rare and for a pure monopoly to exist, there must be barriers to entry which prevents competitors.
Monopolistic competition is a form of imperfect competition where there are many producers selling products which are differentiated from one another maybe by quality or branding and therefore are not perfect substitutes. Monopolistic competition has fewer firms, some price control.