China has 50,000 rivers, each with a catchment area greater than 100 square kilometers. The rivers in China have a total length of 420,000 kilometers. 1,500 of Chinese rivers have a catchment area exceeding 1,000 square kilometers. The majority of rivers flow west to east into the Pacific Ocean.
Continuous Compounding Interest : Continuous compound interest is the procedure of obtaining interest on top of interest in a monthly, quarterly and semiannual basis and the interest is obtained continuously.
Student loan interest is typically compounded daily. That means your interest rate is divided by the number of days in the year and you are charged each day based on the outstanding balance. To understand how compound interest works, letâs look at an example.