Examlex
A map has a scale of 1/100,000. Which of the following statements is correct if you had a second map with a scale of 1/2500?
Simple Interest
Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and the rate of interest without compounding.
Account Balance
The amount of money held in a financial account, which reflects all transactions made.
Interest
The cost of borrowing money, usually expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.
Rate of Return
The positive or negative change in an investment's worth within a specific period, shown as a percent of the cost of the investment.
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