Interest | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-03-25

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Interest


00:02:01 1 History
00:05:31 1.1 Islamic finance
00:06:27 2 Economics
00:08:55 3 spanCalculation of interest
00:09:06 3.1 Simple interest
00:12:50 3.2 Compound interest
00:20:50 4 Discount instruments
00:21:41 5 Rule of 78s
00:23:24 6 Rule of 72
00:25:06 7 Market interest rates
00:25:33 7.1 Opportunity cost and deferred consumption
00:26:19 7.2 Inflation
00:27:54 7.3 Default
00:29:01 7.4 Composition of interest rates
00:31:25 7.5 Default interest
00:32:30 7.6 Term
00:32:56 7.7 Government intervention
00:33:38 7.8 Open market operations in the United States
00:34:51 7.9 Interest rates and credit risk
00:35:32 7.10 Money and inflation
00:36:20 7.11 Liquidity
00:37:09 8 Theories of interest
00:37:19 8.1 Aristotle’s view of interest
00:37:54 8.2 Development of the theory of interest during the seventeenth and eighteenth centuries
00:39:34 8.3 spanThe classical theory of the interest rate
00:43:26 8.3.1 spanKeynes’s criticisms
00:45:14 8.4 Theories of exploitation, productivity and abstinence
00:46:13 8.5 spanWicksell’s theory
00:47:36 8.6 Austrian theories
00:49:51 8.7 Pareto’s indifference
00:50:30 8.8 spanKeynes’s theory of the interest rate
00:51:21 9 Interest in mathematics
00:52:00 10 Formulas
00:53:06 11 Religious context
00:53:59 11.1 Judaism
01:10:03 11.2 Islam
01:10:13 11.3 Christianity
01:13:08 12 See also
01:16:24 13 Notes
01:21:53 14 References



Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago.

Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain

Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone.

Listen on Google Assistant through Extra Audio:
https://assistant.google.com/services/invoke/uid/0000001a130b3f91
Other Wikipedia audio articles at:
https://www.youtube.com/results?search_query=wikipedia+tts
Upload your own Wikipedia articles through:
https://github.com/nodef/wikipedia-tts
Speaking Rate: 0.8646069351711904
Voice name: en-US-Wavenet-C


"I cannot teach anybody anything, I can only make them think."
- Socrates


SUMMARY
=======
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs.For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower.
Interest differs from profit, in that interest is received by a lender, whereas profit is received by the owner of an asset, investment or enterprise. (Interest may be part or the whole of the profit on an investment, but the two concepts are distinct from each other from an accounting perspective.)
The rate of interest is equal to the interest amount paid or received over a particular period divided by the principal sum borrowed or lent (usually expressed as a percentage).
Compound interest means that interest is earned on prior interest in addition to the principal. Due to compounding, the total amount of debt grows exponentially, and its mathematical study led to the discovery of the number e. In practice, interest is most often calculated on a daily, monthly, or yearly basis, and its impact is influenced greatly by its compounding rate.