Examlex
If the sequence is geometric, find the common ratio. If the sequence is not geometric, say so.
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Interest Rate
The percentage of a sum of money charged for its use, typically expressed annually.
Compound Interest
Interest earned on the base principal and on the interest accumulated during previous periods for both deposits and loans.
Simple Interest
Interest calculated only on the principal amount, or the initial amount of money borrowed or invested, not on the interest accumulated over time.
Basic Interest Rate
The fundamental rate charged on loans or earned on deposits, before any adjustments for additional factors or fees.
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