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.
Interest is the cost of using somebody elseâs money. When you borrow money, you pay interest. When you lend money, you earn interest. Interest is calculated as a percentage of a loan (or deposit) balance, paid to the lender periodically for the privilege of using their money. A question might help you get a handle on how interest works: what does it take to borrow money? The answer: more money.