When Simple Interest Is Used,the Stated Rate of Interest on Single

question 83

True/False

When simple interest is used,the stated rate of interest on single payment loans is equal to the annual percentage rate (APR).

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Definitions:

Initial Capacity

The original size of a data structure (like an array or collection) when it's created, before any elements are added.

Initial Capacity

The starting size of a collection or an array, indicating how many elements it can hold before needing to resize.

Vector

A class in Java that implements a dynamic array, which can grow or shrink as needed to accommodate adding and removing items.

Element

An individual component or piece of a larger system, often used in the context of data structures to refer to a single item stored within them.