In the 2016 U.S. News Best High Schools rankings, there are 29 North Carolina schools with silver medals and 109 with bronze medals. Fifteen schools earned gold medals, including Raleigh Charter High School, located in the state capital of Raleigh. Top Ranked North Carolina Schools.
simple interest. Definition. The interest calculated on a principal sum, not compounded on earned interest. Use simple interest in a sentence. â You need to make sure that you are calculating all of the simple interest before you decide on how to proceed.
For any given interest rate and compounding frequency, an equivalent rate for any different compounding frequency exists. Compound interest may be contrasted with simple interest, where interest is not added to the principal (there is no compounding). Compound interest is standard in finance and economics, and simple interest is used infrequently (although certain financial products may contain elements of simple interest).