what is compound interest
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after a certain specified period , the difference between the amount and the money borrowed is called compound interest. its formula is amount - principal.
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COMPOUND INTEREST IS THE INTEREST CALCULATED ON THE INITIAL PRINCIPLE AND ALSO THE ACCUMULATED INTEREST OVER A PERIOD OF TIME
TOTAL AMOUNT ON COMPOUND INTEREST FOR A PRINCIPLE "P" INTEREST "R" AND FOR OVER "T" YEARS IS:
AMOUNT=![P[1+ R/100] ^{2}](https://tex.z-dn.net/?f=P%5B1%2B+R%2F100%5D+%5E%7B2%7D+ "P[1+ R/100] ^{2}")
TOTAL AMOUNT ON COMPOUND INTEREST FOR A PRINCIPLE "P" INTEREST "R" AND FOR OVER "T" YEARS IS:
AMOUNT=
sharmilafareedp30hcc:
COMPOUN INTEREST=AMOUNT-PRINCIPLE
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