Question

what is P. C. C. A in compound interest

Answer 1

hey....

i think its P.C.P.A....

The time for which it is borrowed or lent is called time period (T). The extra money paid by the borrower to the lender is called theinterest. Interest is defined as rate (R) per cent per annum (p.c.p.a.). If the interest is paid only on the principal for every year then it is called simple interest (I).


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