the second great awakening
Simple interest is calculated on the principal only. If you have $1,000 and earn 5% interest per year, you will receive $50 at the end of year one. At the end of year two, you will receive another $50. And on it goes. With compound interest, you earn interest on the principal plus any interest you previously earned. Looking again at the previous example, at the end of year one you will still receive $50. At the end of year two, however, you will receive $52.50. Why? Because the 5% is paid on the principal PLUS the interest you previously earned. At the end of 10 years, you'll receive $77.57. After 20 years, $126.35. With simple interest you would still receive only $50.
yes
its compound interest
Simple interest: stays the same. Compound interest: increases.
The thought about how the world is sparked the European interest.... Their interest then grew. Next thing you know it, They are famous Explorers like Marco Polo and Christerphor Columbus. :)
Samuel de Champlain explored in order to establish French colonies, trade routes, and diplomatic relationships in North America. He sought to expand French influence, find a route to Asia, and convert indigenous peoples to Christianity. Champlain also had a personal interest in mapping the land and discovering new territories.
The following is the answer.
Samuel de Champlain became an explorer by joining a French expedition to the West Indies in 1599. This experience sparked his interest in exploration, leading him to explore parts of North America, including what is now eastern Canada and the Great Lakes region. Champlain's successful mapping and exploration efforts helped establish French colonies in the New World.
It builds interest.
You can find information about interest only calculators at the following websites...www.mortgagecalculator.org/calculators/interest-only-calculator.php
When she loses her interest or her ability to walk.
Basic savings
INTEREST
National Rifle Association
Explorers brought back a variety of gems from their expeditions, including diamonds, rubies, sapphires, emeralds, and pearls. These gems were often highly prized for their beauty and rarity, leading to increased interest in exploration and trade routes.
Initially they had hoped to find a route to the far east. Soon they became interested in the rich fur bearing animals.