Instead, the title of marine biologist is an umbrella term that can refer to a variety of jobs and purposes, like fish biologist, microbiologist or marine mammalogist. Marine biology is the study of marine ecosystems, which can range from studying individual microorganisms to entire environments.
1 You open a savings account at the bank. 2  The bank pays you interest on the money that you deposit and leave in that account. 3  The bank then loans that money out to other people, only they charge a slightly higher interest rate on the loan than what they pay you for your account.
Calculate the bank interest earned on your savings account on a single deposit after a term of 1 year. The compound interest formula will help you determine the interest earned on your savings account with a single deposit and when the interest is compounded daily, monthly or quarterly.1  Determine the variables used in the standard compound interest formula to calculate the interest earned on your savings account.. Use the accumulated savings formula to determine interest. Calculate the interest earned on your savings account with recurring monthly deposits and interest compounded daily, monthly or quarterly. 1  Use the accumulated savings formula to calculate the interest earned when recurring deposits are made.