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what is compound interest in business. Simple interest is the interest generated only from the principal. Compound interest is a means for profit growth if used wisely.
Compound Interest Formula With Examples Compound Interest Formula Compounds from www.pinterest.com
Simple interest is the interest generated only from the principal. You may wish to read Introduction to Interest first. Compound interest accelerates your.
Compound interest accelerates your.
So in the above example in year two youd earn 1 percent on 1010 or 1010 in interest payouts. Simple interest is the interest generated only from the principal. With simple interest you earn the same rate of interest every single year. The principal is the original amount you deposited into your account while interest is the extra money youve earned.
