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2 years ago

Which best describes the difference between simple and compound interest

Business

2 answers:

saul85 [17]2 years ago

6 0

Answer:

While both types of interest will grow your money over time, there is a big difference between the two. Specifically, simple interest is only paid on principal, while compound interest is paid on the principal plus all of the interest that has previously been earned.

MA_775_DIABLO [31]2 years ago

4 0

Answer:

Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. Ask for details.

Explanation:

You might be interested in

Groupthink is defined as

AleksAgata [21]

Answer:

The correct answer is A

Explanation:

Group think can be defined or stated as the practice where an individual or people in a group making a decision or thinking in a way which is creative or individual responsibility. So, it is mode where people are engaged or involved deeply in a cohesive in group and trying hard to override their motivation in order to appraise the alternate course of action.

3 0

3 years ago

After saving money in her piggy bank for 3 years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If the

JulijaS [17]

Answer:

$25,000

Explanation:

The computation of the maximum change in money supply is shown below:

= Deposit amount × money multiplier

= $5,000 × 5

= $25,000

Where, money multiplier is

= 1 ÷ required reserve ratio

= 1 ÷ 20%

= 5

So by multiplying with the deposit amount with the money multiplier we can get the maximum change in the money supply

5 0

3 years ago

Procter & gamble's tide laundry detergent has a predominant share of the detergent market in the united states. It makes $4.

Schach [20]

Answer: b. Cash Cow

In the Boston Consulting Group’s market growth/market share matrix, a business is classified as a cash cow if it holds the leading market share in its market, but the market does not provide much opportunities for growth.

Since Tide holds a predominant share in the detergent market in United States and since the detergent market is saturated, we can classify Tide as a cash cow.

The cash generated from cash cows are generally used to fund other projects and research and development.

7 0

3 years ago

Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my curren

alexdok [17]

Answer:

I'm not working. I had three interviews this week, and I'm trying to find a job.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Natural Rate of Unemployment (NU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Cyclical unemployment rate (CU).

The statement which would come from someone classified as unemployed is; I'm not working. I had three interviews this week, and I'm trying to find a job.

7 0

2 years ago

Campbell's soup offers a temporary price reduction to all grocery stores on the West Coast during the weeks of June 15th to July

Butoxors [25]

Answer:

B. off-invoice allowances.

Explanation:

Campbell's soup offers a temporary price reduction to all grocery stores on the West Coast during the weeks of June 15th to July 23rd, with the expectation that the price savings will be passed along to their customers. This practice is called off-invoice allowances.

3 0

2 years ago