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.
Concepts [5]
- Calculation of Interest
- Concept of Compound Interest
- To Find the Principle (P); the Rate Percent (R) and the Time
- Interest Compounded Half Yearly
- Applications of Compound Interest Formula
