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Revision: Compound Interest [Using Formula] Mathematics (English Medium) ICSE Class 9 CISCE
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Definitions [1]
Compound interest:
Compound interest is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Formulae [1]
Compound Interest= Amount – Principal.
Rational and Irrational Numbers
Expansions
Concepts [6]
Concept of Compound Interest
Inverse Formula
Miscellaneous Problem
When the Interest is Compounded Half Yearly
When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years
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