Accountancy, asked by achurukku7364, 1 year ago

What is the compound interest for 2 years at 4% and 5% in successive year?

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Answered by amritanshu6

0

The concept of compound interest is that interest is added back to the principal sum so that interest is earned on that added interest during the next compounding period. If you would like more information on what compound interest is, please see the article what is compound interest?. For now, let's look at the formula and go through an example

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