Category: General Article

Different kinds of interest rates on personal loans

Now a day’s economic condition of a person can suffer any time. In such situations they have no other option than to take a loan for themselves or for some other personal situation. One can apply for a personal due to medical reason. Some might opt for a personal loan for his or her family like for vacation or education. To buy an expensive article like an air conditioner or computer then also one might take a personal loan. But before taking a loan one should be aware of all the types of rate of interest that are now there in the market.

Different types of rate of interest on loans

People in hard economic situations may sometime need to borrow money from lenders and other institutions. When they are going to pay the money back at that time they have pay extra amount of money. The calculation by which we come to know how much extra money we have to pay is called interest rate. There are differ ways to calculate interest rate which are described below.

Read more to find out.

Simple interest – The term simple interest represents the most common type of interest rate. Thus simple interest does not change and is paid only one time. Take an example. Let us say a person has borrowed 100 dollar which becomes the principal for one year. The rate of the interest at which the money is borrowed be 10%. So applying the simple interest rate after one … Read More

What’s Holding Your Business Back from Becoming Digitally Mature?

Moving to a fully digital business model is proving to be easier said than done, new research finds.The study from MIT Sloan Management Review (MIT SMR) and Deloitte Digital discovered that more than one-third of businesses in the early stages of transforming their organization to a digital business say that their companies spend more time talking about digital business than acting on it.

The study’s authors define digital businesses as those that conduct business in the digital age by taking advantage of emerging technologies.

What's Holding Your Business Back from Becoming Digitally Mature?

Moving to a fully digital business model is proving to be easier said than done, new research finds.

The study from MIT Sloan Management Review (MIT SMR) and Deloitte Digital discovered that more than one-third of businesses in the early stages of transforming their organization to a digital business say that their companies spend more time talking about digital business than acting on it.

The study’s authors define digital businesses as those that conduct business in the digital age by taking advantage of emerging technologies.

Risk aversion is what’s holding many businesses back. More than 70 percent of businesses that define themselves as in the early stages of becoming a digital company say they haven’t overcome the barrier of encouraging their organizations to experiment and accept the risk of failure, compared to less than 30 percent of digitally mature businesses.

The study’s authors define digitally mature businesses as those that implement a continuous and ongoing process of adaptation to a changing digital landscape. This includes aligning

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