19ziraiem 19ziraiem

16-01-2022
Mathematics

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How do I do compound Interest?

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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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