Question

application of Compound interest with examples​

Answer 1

Step-by-step explanation:

If, for example, you invested $1,000 and earned $50 in interest at the end of the earning period, your new principal becomes $1,050. The interest rate will be applied to $1,050, not to your original $1,000, the next time interest is calculated.

Answer 2

Answer:

If, for example, you invested $1,000 and earned $50 in interest at the end of the earning period, your new principal becomes $1,050. The interest rate will be applied to $1,050, not to your original $1,000, the next time interest is calculated.

hope it helps...........