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Compound Interest Formula And Maths

Compound Interest Formula And Maths

Submitted by • September 3, 2019 mylogin4.com

Compound interest is the interest which is calculated on both amount interest and principal amount. It means interest is calculated on the addition of the original amount of principal plus the amount of interest which is already earned by the bank. When you take a loan interest is calculated on the principal amount of loan. This interest is added into a principal amount to calculate next period interest amount and so on.

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Voted by kavitaj7878

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