How saving is calculated? Why do people save? ....can anyone answer dis please!
Anonymous:
great..
hyd
11th
uh?
uh?'
Answers
Answered by
1
To calculate the interest from a savings account, you'll need the following pieces of information:
The amount of your deposit or the amount you lend, using the variable “P” for principal.When interest is calculated and paid (yearly, monthly, or daily, for example), using “n” for the number of times per year.
1. Become Financially Independent

The measuring stick for being rich is different depending on who you talk to. However, the one thing that the notion of “being rich or wealthy” means to most people is having financial independence and savings to depend on. Calling your own shots, financially speaking, means having the freedom to make choices in your life separate from earning a pay cheque.
This may mean being able to take a vacation whenever you want to, leaving work and going back to school to switch careers, starting your own business or investing in someone else’s start-up, helping family members, taking on a lesser paying job that is more personally satisfying than financially beneficial, or a big one these days - retiring when you want to rather than working because you have to.
Financial independence isn’t the same as being rich, but not having to depend on receiving a certain pay cheque can sure make you feel rich beyond your wildest dreams! Having savings that you can rely on is what it takes to become “rich,” no matter how you define it.
To learn more about financial independence, check out Jonathan Chevreau’s popular (and easy to read) novel, Findependence Day.
The amount of your deposit or the amount you lend, using the variable “P” for principal.When interest is calculated and paid (yearly, monthly, or daily, for example), using “n” for the number of times per year.
1. Become Financially Independent

The measuring stick for being rich is different depending on who you talk to. However, the one thing that the notion of “being rich or wealthy” means to most people is having financial independence and savings to depend on. Calling your own shots, financially speaking, means having the freedom to make choices in your life separate from earning a pay cheque.
This may mean being able to take a vacation whenever you want to, leaving work and going back to school to switch careers, starting your own business or investing in someone else’s start-up, helping family members, taking on a lesser paying job that is more personally satisfying than financially beneficial, or a big one these days - retiring when you want to rather than working because you have to.
Financial independence isn’t the same as being rich, but not having to depend on receiving a certain pay cheque can sure make you feel rich beyond your wildest dreams! Having savings that you can rely on is what it takes to become “rich,” no matter how you define it.
To learn more about financial independence, check out Jonathan Chevreau’s popular (and easy to read) novel, Findependence Day.
i hope this helps you
ya
okay
Answered by
1
Ans ➡️ It is an interest rate is the price of a loan, expressed as a percentage of the amount loaned each year. Thus, if the interest rate is 6%, and you borrow $100, you must pay back $106 at the end of the year.
Why we save ↙️↙️↙️✅✅✅
We save, basically, because we can't predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency. Here are a few reasons why we save.
Hope this helps you ✌️✌️☺️☺️❤️❤️
thnx
Similar questions