What is ci compound intrest
What is ci compound
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money is sent to be learnt at compound interest when the interest which has become due to the end of a certain fixed period is not paid to the money lender but is added to the sum lent the amount does obtained becomes the principal for the next period this process is repeated until the amount for the last period is found the difference between the final amount and the original principal is the required a compound interest compound interest is equals to final amount original amount for example c. I equals to a minus b
money is sent to be learnt at compound interest when the interest which has become due to the end of a certain fixed period is not paid to the money lender but is added to the sum lent the amount does obtained becomes the principal for the next period this process is repeated until the amount for the last period is found the difference between the final amount and the original principal is the required a compound interest compound interest is equals to final amount original amount for example c. I equals to a minus b
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Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
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