Examlex
Which of the following is a storage device?
Years
Units of time that represent the period it takes for the Earth to complete one full orbit around the sun, typically used to measure durations or ages.
Interest
The price paid for acquiring funds, often quoted as a yearly rate of the total amount borrowed.
Savings Account
A deposit account held at a financial institution that provides principal security and a modest interest rate.
Interest Compounded
Interest compounded refers to the process where interest earned on an investment is reinvested to earn additional interest, leading to exponential growth in the investment's value.
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