1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natasha_Volkova [10]
3 years ago
8

What does compounding interest mean??

Business
1 answer:
ivolga24 [154]3 years ago
7 0
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!
You might be interested in
Market researchers often compute the “mean” or average of data collected. Wha is the mean income of the following three people s
zheka24 [161]

Answer: The mean income of the three people surveyed is $33,000.

The mean or average of a data set is nothing but the sum total of all the observations in a given set of data divided by the number of observations.

The formula for calculating the mean is:

\mathbf{\overline{X} = \frac{X_{1}+X_{2}+X_{3}.....+X_{n}}{N} }

where

\overline{X} is the mean or average

X₁ , X₂, X₃ .......Xn refers to the observations

N is the total number of observations

Substituting the values in the formula for mean we get,

\mathbf{\overline{X} = \frac{34000+44000+21000}{3}}

\mathbf{\overline{X} = \frac{99000}{3}}

\mathbf{\overline{X} = 33,000}






7 0
4 years ago
Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in the lake and is causin
Allisa [31]
This is an example of negative environmental impact of human activities. Nick's factory should be closed immediately. He is destroying a very important ecosystem for the community. 
8 0
4 years ago
Read 2 more answers
In a bad news message the reasons for the decision
zmey [24]

Answer:

should be long and roundabout to cushion the negative aspects

if you are delivering bad news if it is directly affecting them they would most likely like to know why and if they can help this issue

Explanation:

mrk me brainliest please.

3 0
3 years ago
Sorry, I withdraw my question.
guajiro [1.7K]

Answer: >?

Explanation:

8 0
3 years ago
Read 2 more answers
The following costs were incurred in September:
aleksley [76]

Answer:

Option (d) is correct.

Explanation:

Given that,

Direct materials = $44,200

Direct labor = $31,800

Manufacturing overhead = $25,200

Selling expenses = $22,100

Administrative expenses = $37,100

Conversion cost:

= Direct labor + Manufacturing overhead

= $31,800 +$25,200

= $57,000

Therefore, the conversion costs during the month totaled $57,000.

5 0
4 years ago
Other questions:
  • Taggart Inc s stock has a 50 chance of producing a 36 return a 30 chance of producing a 10 return and a 20 chance of producing a
    13·1 answer
  • What is the largest organizational level found in one coral reef?
    10·1 answer
  • What three spending accounts can Leslie adjust now to better match what’s in her budget (select all that apply)
    11·1 answer
  • Which statement shows that money is a "measure of value?" This bill is worth twenty dollars. My mp3 player is worth two hundred
    7·2 answers
  • Firms that use a lot of debt are said to have a great deal ofa. benchmarks.b. financial strength.c. financial leverage.d. liquid
    5·1 answer
  • Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
    12·1 answer
  • Sid Glasses recently paid a dividend of $1.70 per share, is currently expected to grow at a constant rate of 5% and has a requir
    7·1 answer
  • Ames, Inc., has $1 million of notes payable due June 15, Year 2. At the financial statement date of December 31, Year 1, Ames si
    9·1 answer
  • Suppose there are two economies, Alpha and Beta, which have the same production possibilities curves and are on the same point o
    5·1 answer
  • state courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks. a. decep
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!