Examlex
Where does the ideal sales presentation take place?
Savings Account
A bank account where money is kept so that it can earn interest over time, typically used for holding funds that are not needed for daily expenses.
Annual Simple Interest
Interest calculated once a year on the principal sum, without compounding.
Earned
Received as a result of work or effort.
Simple Interest Rate
The rate at which simple interest is calculated, usually on an annual basis.
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