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For a fixed term loan of t years, we may compare the above loan cost factor against an equivalent simple interest cost factor 1+s e where s e =r e t and r e is the equivalent simple interest rate: = + It is straightforward to determine s e in terms of s. Dividing by loan time period t will then give the equivalent simple interest rate.
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. This article is about the financial term. For other uses, see Interest (disambiguation). Sum paid for the use of money A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers In finance and economics ...
A scheme of work is a kind of plan that outlines all the learning to be covered over a given period of time (usually a term or a whole school year). [1] [2] defines the structure and content of an academic course. It splits an often-multi-year curriculum into deliverable units of work, each of a far shorter weeks' duration (e.g. two or three ...
Also acid ionization constant or acidity constant. A quantitative measure of the strength of an acid in solution expressed as an equilibrium constant for a chemical dissociation reaction in the context of acid-base reactions. It is often given as its base-10 cologarithm, p K a. acid–base extraction A chemical reaction in which chemical species are separated from other acids and bases. acid ...
A chemical formula used for a series of compounds that differ from each other by a constant unit is called a general formula. It generates a homologous series of chemical formulae. For example, alcohols may be represented by the formula C n H 2n + 1 OH (n ≥ 1), giving the homologs methanol, ethanol, propanol for 1 ≤ n ≤ 3.
Here’s what the letters represent: A is the amount of money in your account. P is your principal balance you invested. R is the annual interest rate expressed as a decimal. N is the number of ...
Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).
In the above equation, four terms represents transience, convection, diffusion and a source term respectively, where T is the temperature in particular case of heat transfer otherwise it is the variable of interest; t is time; c is the specific heat; u is velocity; ε is porosity that is the ratio of liquid volume to the total volume; ρ is ...