Compound Interest Definition Compound interest is calculated by adding the principal and existing interest over a particular period. The interest earned on principal over time is added to the principal and becomes the new principal amount for the following time Read More …
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Simple Interest – Concept, Formula and Practice Questions
What is simple interest? Simple interest (S.I.) is a way to calculate the interest amount for a given principal amount of money. Simple Interest Formula : If you know the principal amount, interest rate, and time periods, you can use Read More …