Question

what is compound interest in maths​

Answer 1

Compound interest is when a bank pays interest on both the principal (the original amount of money)and the interest an account has already earned. ... In the formula, A represents the final amount in the account after t years compounded 'n' times at interest rate 'r' with starting amount 'p' ....

Answer 2

Answer:

Compound interest is when a bank pays interest on both the principal (the original amount of money)and the interest an account has already earned. ... In the formula, A represents the final amount in the account after t years compounded 'n' times at interest rate 'r' with starting amount 'p' .