Video on Compound Interest - shortcuts, tips and tricks Compound InterestPoints to Remember1) Compound Interest: It is the interest added to the principal of a loan or deposit, so that the added interest also earns interest. This process is called compounding and can also be referred as “...
Compound interestis an interest calculated on the principal and the existing interest together over a given time period. The interest accumulated on a principal over a period of time is also added to the principal and becomes the new principal amount for the next time period. Again, the interes...
Compound interest is the interest calculated on both the initial principal and the accumulated interest from previous periods. The interest will be added to your total amount of money and you will then earn money on your initial investment and all of the additional interest you have earned. Earni...