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Earn +20 ptsQ: How is interest different from compound interest?
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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.
WHAT does the carrot in the formula for compound interest means?
There is no carrot in the compound interest formula!
What is earning interest on interest called?
Compound interest
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 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.
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