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2 years ago

Which describes the difference between simple and compound interest?

Business

2 answers:

LenKa [72]2 years ago

7 0

Answer:

Simple interest is calculated as a percentage of the principal amount and stays the same if the principal.amount and the percentage don't change.

However, the compound interest is based on accumulating the interest to the principal amount. That is, after a certain percentage is calculated as the interest, that interest is added to the principal amount and the next period's interest is based on the principal+the interest.

Explanation:

soldier1979 [14.2K]2 years ago

3 0

Answer:

Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period. Since simple interest is calculated only on the principal amount of a loan or deposit, it's easier to determine than compound interest

Explanation:

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If the same number of units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two

andrey2020 [161]

Answer:

PPF : Downward Sloping Straight Line

Explanation:

PPF is the locus of product combinations that an economy can produce, given resources & technology.

It is downward sloping : Because of inverse relationship between two goods- if one has to be increased other has to be decreased , because of same resources & technology.

Marginal Opportunity Cost (Slope of PPC): is ratio of a good sacrifised to gain each additional unit of the other good.

∆ Good sacrifised / ∆ Good gained

If this ratio is same i.e constant amount of a good is sacrifised to gain an additional amount of the other one , the slope of PPC is constant & it is a straight line

Eg : Good1 Good2 MOC [∆Good2/∆Good1]

0 20 _

10 10 -10/10 = -1 (10-20)/(10-0)

20 0 -10/10 = -1 (0-10)(/20-10)

So , same (1) good 2 is sacrifised to attain a good 1 each time.

However Generally: MOC is increasing , because of assumption that resources are unequally efficient in various goods production - shifting good from efficient to inefficient increases sacrifise each time. This makes PPC usually concave.

5 0

3 years ago

A nonprofit agency sets up a website to channel investments from all over the globe into microloans to support local farms, arti

ziro4ka [17]

Answer: Under the given circumstances , the following would be a positive externality for the global environment: Fewer people move from rural to urban areas, reducing urban sprawl.

Urban sprawl can lead to several negative externalities such as : pollution, exploitation of natural resources at an exponential rate, unemployment etc.

Therefore, if fewer people move from rural to urban areas, this will reduce urban sprawl and further every other negative externality associated with it.

The correct option is (A)

3 0

2 years ago

How can we build up strong analytical skill discuss

yan [13]

Answer:

hope help you

Explanation:

Here are several ways you can improve your analytical skills:

Read more. An important part of being analytical involves being alert and remaining stimulated. ...

Build your mathematical skills. ...

Play brain games. ...

Learn something new. ...

Be more observant. ...

Join a debate club. ...

Take an exercise class. ...

Keep a journal.

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2 years ago

Altogether the national, state, and local governments of the United States spend about a __________ of our gross domestic produc

stealth61 [152]

Answer:

According to the OECD the total expenditure of the US government, including state and local is about a 38% of the GDP.

Explanation:

The federal government expends almost the 55% of the total and the remaining 45% the state and local government.

5 0

3 years ago

Many young people must do which of the following in order to acquire job training?

bekas [8.4K]

Answer:

The answer is D

Explanation:

In order to achieve your goals one will want to read about there chosen job.

7 0

2 years ago