Open Control Panel on the Desktop and click Default Programs. Then click âAssociate a File Type or Protocol with a Programâ link. Next in the Set Associations screen, scroll down the list until you find Protocols, and under that youâll see MAILTO. Itâs set to Mail â double click it.
Money that is paid in exchange for borrowing or using another person's or organization's money. Interest is calculated as a percentage of the money borrowed. There are two kinds of interest, simple interest and compound interest. In simple interest, the interest is calculated only over the original principal amount.
Interest is income that is generated from the loan of money. When you take out a mortgage or car loan, you expect to pay back more than you borrowed. That extra amount is interest, and it is the cost you incur for using someone else's money for a period. You might not think of your savings account as a loan, but it is.