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What is a balance rate?

Updated: 9/19/2023
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Q: What is a balance rate?
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What is a bank rate calculator used for?

A bank rate is the rate of interest that is charged or paid by a bank on a balance of debt or credit. A bank rate calculator allows an individual to enter an amount and a bank rate, and see the impact of that rate against the balance.


Is it better to have a credit card with a high interest rate or low interest rate?

If you carry a balance, then it's better to have a low interest rate. If you do not carry a balance, then the interest rate doesn't matter at all.


What is wrong with your Java method to compound the interest?

public class Investment { public Investment (double aBalance, double aRate) { balance = aBalance; rate = aRate; years = 0; } public void waitForYears(int y) { while (years < y) { years++; balance = balance + balance * rate/100; } System.out.println("WaitForYears is" + balance); } public void compoundTheIntrest(int y, int n) { while (years < y) { while (years < n) { years++; balance = balance + balance * rate/100/n; } } System.out.println("Compound is" + balance); } private double balance; private double rate; private double years;


What rate offers does Nationwide International have for high balance accounts?

Nationwide International offers a special interest rate for those with high balance accounts. You can choose between an annual or monthly interest rate. For accounts with a balance of more than 25,000 pounds, the annual interest rate is 1.6%, while the monthly interest rate is 1.5%.


Does emgration effect on population size?

That depends on the balance between birth rate, death rate and emigration rate


How do fluctuations to the international exchange rate of a nation's currency affect its balance of trade?

Helps the balance.


What Dynamic balance rate of forward process equals the rate?

The 'Dynamic balance rate' of forward process equals the rate of the backward (reversed) reactionA + B --> P + Q Let the forward rate be RfwandP + Q --> A + B the backward rate let it be RbwthenRfw = Rbw at Dynamic (balanced, thermodynamical) Equilibrium


A dynamic balance in which the rate of the forward process equals the rate of the reverse process is known as?

equilibrium


What is rate when two reactions are in balance?

When the rate of the forward and reverse reaction is the same, the system is at equilbirium.


What is with the tiered interest rate of business money market accounts?

Interest rates may vary depending on different balance ranges. Each day your collected balance will fall within one of the balance range tiers. The interest rate for that particular balance range applies to the entire collected balance in your account that day. From time to time, the same interest rate may apply to more than one tier.


What is 0 balance transfer and what are the advantages of doing that?

O balance transfer, is when you take one credit card that you owe a large balance on, and another credit card that is empty with a lower rate, and transfer them to the other. It's so you can get a cheaper rate.


Factors affecting exchange rate?

government policy intrest rate parity balance of payment changes