What is Compound Interest and How Is It Calculated?

For example, if you invest Rs 50,000 with an annual interest rate of 10% for 5 years, the returns for the first year will be 50,000 x 10100 or Rs 5,000 For

Learn about the basics of compound interest, with examples of basic compound interest

ดาวน์โหลดpinterest This formula can also be used for instances where the interest is compounded once every two years In this case, n = , as each year is calculated as half

พิน pinterest Using the formula for simple interest, we can develop a similar formula for compound interest With an opening balance P and an interest rate of i, the