【简答题】 Interest and Compound Interest are the ways of calculating the interest charge on the principal loan amount. Interest is calculated on the principal amount, using the formula: SI = (P *...
【判断题】When interest is compounded annually, the amount of money accumulated in one year is the same under either a simple or compound interest scenario.
【简答题】I've tried to explain compound interest to my eight - year - old daughter. When I have finished it, she summarizes back to me, 'So, you are saying if I put $ 100 in the bank, when I turn six the b...