What is the difference between simple and compound interest rates

Business

1 answer:

Vlada [557]3 years ago

3 0

Answer:

see below

Explanation:

Simple interest is a method of calculating gains or yields from savings, deposits, or credit. In simple interest, the interest earned is a constant figure throughout the life of an investment or loan. Simple interest is usually expressed as a percentage, called the interest rate. It is calculated by multiplying the interest rate by the principal amount and by the time. The interest rate quoted applies for a year.

Unlike simple interest, interest earned in compound interest increases every year. Compounding interest refers to the practice of adding interest earned to the principal amount. An increase in the principal amount results in an increase in the interest earned. Due to the compounding effect, a compound interest-earning account will yield more interest than a simple interest-earning account.

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The basic premise of ______ is that firms should establish objectives and evaluate strategies on criteria other than using only

mart [117]

Answer:

D, balanced scorecard

Explanation:

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It also helps to see whatever complications or success that are as a result of the job done by the employees.

A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.

Cheers.

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3 years ago

During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income

gladu [14]

Answer:

b. False

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So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

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How can professional education improve the life of people

devlian [24]

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2 years ago

If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a

Nonamiya [84]

The answer would be a.

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1. DISCUSSION Although many argue that the gig economy has opened up opportunities for individuals to be self-employed in ways t

FromTheMoon [43]

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