Business Law Deneme Sınavı Sorusu #955680
The interest calculated over the sum reached by the addition of a certain interest on the initial capital is called:
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Contractual interest. |
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Commercial interest. |
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Compound interest. |
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Capital interest. |
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Simple interest. |
Yanıt Açıklaması:
Simple interest applies only for the capital and its is calculated for a certain period of time whereas compound interest is the interest calculated over the sum reached by the addition of a certain interest on the initial capital.
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