1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
masya89 [10]
3 years ago
11

Advantages and disadvantages of simple interest

Mathematics
2 answers:
Gre4nikov [31]3 years ago
8 0

Answer:

Interest is the compensation received for lending money and paid by the person borrowing the money. A well-known form is the interest that consumers receive (credit or savings interest) or pay (debit interest) on an account at a bank.

There are essentially two types of interest, simple interest and compound interest. Simple interest is that which is not added to the initial capital, that is to say, the interests are always calculated on the same initial amount of the investment; while compound interest is one in which the profit obtained is added to the capital, generating increasing rates of profit since the interest percentage is calculated on a higher basis.

The main disadvantage of the simple interest is precisely that the base of obtaining gains is never widened, since the interests are not linked to the capital, with which a long-term investment with this type of interest is inadvisable. Now, the main advantage of this type of interest is that it allows you to quickly consolidate earnings, since you can withdraw the income obtained without modifying the base amount on which the interest is calculated.

omeli [17]3 years ago
7 0

Answer:

Simple interest, specifically in bank offers a grace period of six days, which gives time to payback. When saving money or investing, if the interest rate is high then the customer benefits. The disadvantages in simple interest are that if the interest rate is high then the borrower will pay more.

You might be interested in
From the information in the graph, which team showed the least amount of improvement over last year?
Ksenya-84 [330]

Answer:

The rangers

Step-by-step explanation:

Their number of wins didn't go up. In fact their wins decreased the most.

5 0
3 years ago
Read 2 more answers
Jake took 4 piano lessons last month. For each lesson, he memorized 2 major scales and x minor scales.
DerKrebs [107]

b and c are the answers i think....

6 0
3 years ago
99 points. What is the slope-intercept form of the function described by this table?
adelina 88 [10]

Answer:

y = 5x+3

Step-by-step explanation:

To find the slope, we need to points

(1,8) and (2,13)

Slope is given by

m = (y2-y1)/(x2-x1)

  = (13-8)/(2-1)

  = 5/1

The slope is 5

We can use the point slope form for an equation

y-y1 = m(x-x1)

y-8 = 5(x-1)

Distribute the 5

y-8 = 5x-5

Add 8 to each side

y-8+8 = 5x-5+8

y = 5x+3

This is in slope intercept form

8 0
3 years ago
Read 2 more answers
Using the product property of square roots what is the square root of 28 and 150
Svetllana [295]
I assume you need find out √28=√7*4=2√7
√150=√5*5*6=5√6
hope it helps
3 0
3 years ago
A workbook contains 1,213 problems. If 837 of the problems have been solved, how many unsolved problems are left in the workbook
11Alexandr11 [23.1K]

Answer:

376

Step-by-step explanation:

This is a subtraction problem.

1,213 - 837 =

   

   1,213

-    837

-----------

     376

Answer: 376

3 0
3 years ago
Read 2 more answers
Other questions:
  • Simplify x+x^2+2x^2-3x
    15·1 answer
  • The amount of paint needed to cover the walls of a room varies jointly as the perimeter of the room and the height of the wall.
    10·1 answer
  • What is the slope of the line that passes through the pair of points (-5/3, -1) and (-2, 9/2)?
    13·1 answer
  • there are 110 apples in a basket on monday. on wednesday there is 80 apples left in the basket. what percent of apples are remai
    14·1 answer
  • Investors buy a studio apartment for $ 150,000. Of this​ amount, they have a down payment of $ 15,000. Their down payment is wha
    7·1 answer
  • 1/2 +b=1 3/4 <br><br> What does b represent and how to solve it?
    8·2 answers
  • A recipe calls for 4 carrots for every 2 cups of water. Which expression can be used to find the number of carrots needed for 1
    7·2 answers
  • Find how many yard are in 1 mild. A mile is 5280 feet, a yard is 3 feet
    7·1 answer
  • Someone plz answer this plz do not use the internet
    13·2 answers
  • Suppose that f(x)=x2 and g(x) =4/5x2. Which statement best compares the graph of f(x)?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!