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.
Simple interest is considered the best form of interest for the borrower because it is charged only once, and is a percentage of the original principal, unlike compound interest. If you borrow $1,000 at 10 percent simple annual interest, then you pay $100 in interest per year.