Math, asked by abhinav22164, 1 year ago

compound interest is the interest calculated on the previous years amount _​

Answers

Answered by xRapMonster1994x
7

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value. Katie Kerpel {Copyright} Investopedia, 2019

Answered by JUWAIRIYAHIMRAN
5

compound interest is the interest calculated on the previous years amount rate of interest.

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