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单词 simple interest
释义

simple interest

Suppose that a sum of money P is invested, attracting interest at i per cent a year. When simple interest is given, the interest due each year is (i/100)P and so, after n years, the amount becomes

When points are plotted on graph paper to show how the amount increases, they lie on a straight line. Most banks and building societies in fact do not operate in this way but use the method of compound interest.

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更新时间:2025/4/29 11:32:28