19ziraiem 19ziraiem
  • 16-01-2022
  • Mathematics
contestada

How do I do compound Interest?

Respuesta :

abhiramk33323 abhiramk33323
  • 16-01-2022

Step-by-step explanation:

Compound interest is calculated by multiplying the initial loan amount, or principal, by the one plus the annual interest rate raised to the number of compound periods minus one. This will leave you with the total sum of the loan including compound interest.

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