hey guys what is the formaula for compound interest?
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amount subtract from principal
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HEY MATE ..
Compound interest, or 'interest on interest', is calculated with the compound interest formula.
Compound interest, or 'interest on interest', is calculated with the compound interest formula.The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
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