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compound interest in math. In compound interest we get the percent of interest paid on the total amount that has already accrued in the account principal plus all previous interest payments. There are other videos on compounding continuously.
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Start date Today at 648 AM. We could do the. Compounded yearly means that at the end.
It is used in case the interest is earned by the investor on principal as well as previously earned interest part of the investment.
So adding 10 interest is the same as multiplying by 110 Now here is the magic. To understand the compound interest we need to do its Mathematical calculation. If you walk into a bank and open up a savings account you will earn interest on the money you deposit in the bank. It is the result of re-investing interest rather than paying it out so that interest in the next period is then earned on the principal sum plus previously-accumulated interest.
