What Is the Difference Between Simple Interest and Compound Interest

question 175

Essay

What is the difference between simple interest and compound interest? Is the amount of interest higher or lower when the interest is simple rather than compound?

---

Definitions:

Positive Affect

The experience of pleasurable emotions such as happiness, joy, enthusiasm, and contentment.

Reinforcement

In operant conditioning, a reward that, when applied following a behavior, increases the frequency of that behavior. In classical conditioning, this refers to the pairing of an unconditioned stimulus (such as food) with a conditioned stimulus (such as a bell).

Operant Response

A behavioral response that is influenced by the consequences that follow it, central to B.F. Skinner's operant conditioning theory.

Entity Theory

In Dweck’s theory of motivation, an individual’s belief that abilities are fixed and unchangeable.