The Method of Calculating Interest Once During the Entire Life

question 44

Multiple Choice

The method of calculating interest once during the entire life of the loan,on the original sum borrowed,is known as:

• A)simple interest
• B)interest on interest
• C)compounding
• D)rule of 72
• E)compound interest

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Definitions:

Subcutaneous Layer

A layer of tissue lying immediately under the skin, composed mainly of fat and connective tissues, providing insulation and energy storage.

Adipose Tissue

A type of body tissue containing stored fat that serves as a source of energy, insulates the body, and protects organs.

Subcutaneous Layer

The layer of tissue directly under the skin, composed of fat and connective tissues, providing insulation and cushioning to the body.

Dermis

The thick layer of living tissue below the epidermis in mammalian skin, containing hair follicles, sweat glands, and other structures.