Difference between Compound Interest and Compound Amount?
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The sum due at the end of the transaction is called the compound amount and is denoted by A. The difference between the compound amount and the original principal is called the compound interest and is denoted by CI. Consider an investment of $P at the percentage r per annum
Answered by
1
Answer:
The sum due at the end of the transaction is called the compound amount and is denoted by A. The difference between the compound amount and the original principal is called the compound interest and is denoted by CI. Consider an investment of $P at the percentage r per annum.
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