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 rates are the cost of borrowing money. Interest rates are normally expressed as a % of the total borrowed, e.g for a 30 year mortgage, a bank may charge 5% interest per year. Interest rates also show the return received on saving money in bank or from an asset like government bond.