Examlex
The IQ (itelligence quotient) of a person whose mental age is years and whose chronological age is
years is defined as
What is the IQ of a 10-years-old child who has a mental age of 19 years?
Unequal Payments
Payments that vary in amount over time, as opposed to equal or fixed payments.
Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, where the amount of the interest is calculated monthly and then added to the sum, causing interest on interest.
Compounded Semi-Annually
The process of applying interest to an initial amount and to the accumulated interest over two periods within a year.
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