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List and Briefly Explain Three Types of Learning Derived from the Behavioural

question 34

Essay

List and briefly explain three types of learning derived from the behavioural perspective.


Definitions:

Daily Interest

Interest calculation method where interest is calculated daily on the principal amount, either leading to faster growth in savings accounts or quicker payoff in loans.

Simple Interest

A method of calculating interest where the interest charge is computed only on the principal amount and not on the interest that has accumulated.

Savings Account

A bank account where money is deposited for safekeeping, which earns interest over time.

Simple Interest

Interest calculated on the principal portion of a loan or deposit without compounding.

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