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