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Ganezh [65]
3 years ago
5

How does simple interest differ from compound interest?

Business
1 answer:
k0ka [10]3 years ago
5 0

Answer:

D. Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.

Explanation:

Simple interest a constant figure throughout the loan or investment period. It remains a fixed amount because it is calculated base on the principal amount only. Usually, simple interest is a percentage of the principal amount. As long as the principal amount does not change, simple interest will not change.

Compound interest is calculated based on the total of the interest earned in the previous period and the principal amount. It means interests earned in a period is added to the principal amount at the end of the period. Compound interest earned increases every financial period.

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Answer:

<em>Bank reconciliation is a statement carried out by a company to know the difference between cash balance per book and cash balance per bank.</em>

<em>A journal is needed by a company to keep day to day updates of records.</em>

Explanation:

<em>Banks prepares statement of account. the Borden company has updates its own records from their end. most times times the balance of cash per bank and per book rarely work well or agree.</em>

<em>Bank reconciliation is a statement that is prepared by a company to know the disagreement and dissimilarity of cash balance per book and cash balance per bank</em>

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<em>Date, Account and explanation, post reference, Debit($), Credit ($)</em>

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Answer:

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Ello pues en ese entonces, el gobierno a cargo de Carlos Salinas de Gortari se encontraba llevando a cabo medidas económicas de corte liberal, dilapidando reservas internacionales para poder garantizar la competitividad del mercado mexicano, intentando atraer empresas extranjeras para invertir en el país. Pero esos movimientos, contrario a lo que el gobierno creía, no generaron mayores ingresos al país, sino que generaron situaciones de inestabilidad económica que hicieron que el gobierno de México tuviera que devaluar su moneda, generando una enorme crisis económica y financiera que fue mundialmente conocida como la Crisis del Tequila.

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If you are paid $15 per $100 sold, what is your type of payment?
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I’m pretty sure the answer is a. commission
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USPshnik [31]

Answer:

Insider Trading

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