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compound interest math is fun. So the interest is 3 1000 10 300. N Number of Periods.
Compound Interest Maze Compound Interest Financial Literacy Interesting Things from www.pinterest.com
The difference in money between compound interest and simple interest is 144196 - 1280 16196. How is Compound Interest the Eighth Wonder of the World. Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Total interest earned 544195584 4000 144195584.
With compound interest the interest earned over time will continue to increase as long as no money is withdrawn from the account. This file includes all you need for a fun filled day of real world math involving simple and compound interest. PV FV1r n. 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.
