Math, asked by mohdaslam2020malik, 6 months ago

computation of compound interest by three different banks​

Answers

Answered by Anonymous
4

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Calculating monthly compound interest

Divide your interest rate by 12 (interest rates are expressed annually, so to get a monthly figure, you have to divide it by the number of months in a year.)

Add 1 to this to account for the effects of compounding.

Answered by vikalpdudi
0

can't understand what are you saying

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