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.
Examples of Simple Interest. To understand how simple interest works, examine an automobile loan that has a $15,000 principal balance and an annual 5% simple interest rate. If your payment is due on May 1 and you pay it precisely on the due date, your interest is calculated on the 30 days in April.