what is the formula of compound interest plz fast
Answers
❥ A᭄nswer✭࿐
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.
Step-by-step explanation:
The chemical formula of a compound is a symbolic representation of its chemical composition. Chemical formulae provide insight into the elements that constitute the molecules of a compound and also the ratio in which the atoms of these elements combine to form such molecules.
Compounds are represented by chemical formulas. Elements in a compound are represented by chemical symbols, and the ratio of different elements is represented by subscripts. There are different rules for writing the chemical formulas for ionic and covalent compounds.