Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
All other factors being equal, the Compound Interest type of compounding will generate the most interest.
Interest is the price you pay for borrowing money or the cost you charge for lending money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest.
What are the different types of interests? There are three types of interest: simple interest (periodic), accrued interest, and compound interest. Normally, when borrowing money through a loan, the borrower has to pay the interest agreed upon by both parties.
Learn more about Interest here
https://brainly.com/question/24924853
#SPJ4
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.
