WHAT IS RATE CALLED IN THE CHAPTER OF COMPOUND INTEREST
Answers
Answered by
34
ᴛʜᴇ ᴇғғᴇᴄᴛɪᴠᴇ ᴀɴɴᴜᴀʟ ʀᴀᴛᴇ ɪs ᴛʜᴇ ᴛᴏᴛᴀʟ ᴀᴄᴄᴜᴍᴜʟᴀᴛᴇᴅ ɪɴᴛᴇʀᴇsᴛ ᴛʜᴀᴛ ᴡᴏᴜʟᴅ ʙᴇ ᴘᴀʏᴀʙʟᴇ ᴜᴘ ᴛᴏ ᴛʜᴇ ᴇɴᴅ ᴏғ ᴏɴᴇ ʏᴇᴀʀ, ᴅɪᴠɪᴅᴇᴅ ʙʏ ᴛʜᴇ ᴘʀɪɴᴄɪᴘᴀʟ sᴜᴍ. ᴛʜᴇʀᴇ ᴀʀᴇ ᴜsᴜᴀʟʟʏ ᴛᴡᴏ ᴀsᴘᴇᴄᴛs ᴛᴏ ᴛʜᴇ ʀᴜʟᴇs ᴅᴇғɪɴɪɴɢ ᴛʜᴇsᴇ ʀᴀᴛᴇs: ᴛʜᴇ ʀᴀᴛᴇ ɪs ᴛʜᴇ ᴀɴɴᴜᴀʟɪsᴇᴅ ᴄᴏᴍᴘᴏᴜɴᴅ ɪɴᴛᴇʀᴇsᴛ ʀᴀᴛᴇ, ᴀɴᴅ. ᴛʜᴇʀᴇ ᴍᴀʏ ʙᴇ ᴄʜᴀʀɢᴇs ᴏᴛʜᴇʀ ᴛʜᴀɴ ɪɴᴛᴇʀᴇsᴛ.
Answered by
17
a rate is the ratio between two related quantities in different units.
Similar questions