A certain sum of money at compound interest mean
Answers
Answered by
0
compound interest means the sum will increase every year with addition of interest .
let sum 100
on 10% interest rate
one year s interest is 10
but when we get interest of another year
now our sum becomes 100 +10= 110
interest of second year is 11 .
let sum 100
on 10% interest rate
one year s interest is 10
but when we get interest of another year
now our sum becomes 100 +10= 110
interest of second year is 11 .
Similar questions