Answer:
5/8
Step-by-step explanation:
Answer:
19 or -28
Step-by-step explanation:
is it 24 - 5 or 24 - 52?
Answer:
2.58333333333
Step-by-step explanation:
Answer:
Step-by-step explanation:
Examples. A friend asks to borrow $300 and agrees to repay it in 30 days with 3% interest. How much interest will you earn? Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."