Examlex
What is the major organic product obtained from the following reaction?
Simple Interest
Interest calculated on the principal portion of a loan or deposit, not compounding on earned interest.
Savings Account
An account at a banking institution, offering the preservation of the initial amount with a low interest return.
Deposit Today
The action of placing money into a financial account with the intention that it starts earning interest or grows in value from today onwards.
Savings
Money set aside for future use that is not currently spent on consumption or expenses.
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