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With simple interest, your interest rate payments are added into your monthly payments, but the interest doesn’t compound. For example, a five-year loan of $1,000 with simple interest of 5 ...
(Interest may be part or the whole of the profit on an investment, but the two concepts are distinct from each other from an accounting perspective.) The rate of interest is equal to the interest amount paid or received over a particular period divided by the principal sum borrowed or lent (usually expressed as a percentage).
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
To calculate the simple interest for this example, you’d multiply the principal ($5,000) by the annual percentage rate (5 percent) by the number of years (five): $5,000 x 0.05 x 5 = $1,250.
Evolution is a central organizing concept in biology. It is the change in heritable characteristics of populations over successive generations . [ 88 ] [ 89 ] In artificial selection , animals were selectively bred for specific traits.
This glossary of biology terms is a list of definitions of fundamental terms and concepts used in biology, the study of life and of living organisms.It is intended as introductory material for novices; for more specific and technical definitions from sub-disciplines and related fields, see Glossary of cell biology, Glossary of genetics, Glossary of evolutionary biology, Glossary of ecology ...
Botany, also called plant science(s), plant biology or phytology, is the science of plant life and a branch of biology. Traditionally, botany has also included the study of fungi and algae by mycologists and phycologists respectively, with the study of these three groups of organisms remaining within the sphere of interest of the International ...
Molecular biology – study of biology and biological functions at the molecular level, with some cross over from biochemistry. Structural biology – a branch of molecular biology, biochemistry, and biophysics concerned with the molecular structure of biological macromolecules. Health sciences and human biology – biology of humans.