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compound interest is interest on interest and again interest on amount together with principle plus interst
When. Interest compiles eg you have 10% interst on 100 , so after a year you have 110 10% again 11 pounds so you have 121 next year 10% you have 133.10 and so on
compound interest is interest that is added each year from you profits that year, an example to make this easier - say you had 200 pounds in your bank and the company was giving you ten percent per annum. after your first year you will have made 220 pounds as you take ten percent (£20) from your balance and add it on. The next year say you have the same £220 another ten percent will be added- ten percent of 220 not 200.
Velda Hauck
Brayan O'Conner
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Which type of interest is calculated by adding the interest earned to the principal?
compound... yes it is compound interest.
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
Which of the two is exponential function the simple or the compound interest?
Compound interest.
WHAT does the carrot in the formula for compound interest means?
There is no carrot in the compound interest formula!
How do you solve compound interest formula for n?
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
What is earning interest on interest called?
Compound interest
Interest earned on interest is known as?
Compound Interest
What is 7.4 percent compound interest on 500.00?
The interest for 1 year is 37.00, whether it is simple or compound interest.
What is the effect of compound interest?
The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.
