Examlex
A survey asked the question "Have you used toothpaste in the last twelve months? _____ Yes _____ No" The results of this question show that 92.6 percent of the people in New York City have used toothpaste in the last twelve months and 87.2 percent of people in Los Angeles have used toothpaste during the same period.This information was gathered by using which type of question?
Profits
The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.
Compounded Annually
This refers to the process where interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest, being calculated and added to the account annually.
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding over time.
Savings Account
A deposit account held at a bank that provides interest on the funds deposited.
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