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Introduction to Interest Compound Interest Compound Interest Derivation Compound Interest. FV PV 1rn. If you deposit 1000 in a bank account which is paying 3 compound interest per year.
A bank account containing textcolorblue100 gets textcolorred3 compound interest.
Compound interest or interest on interest is calculated with the compound interest formula. Otherwise do the same as normal. GCSE Maths Revision - Compound and simple interest and depreciation Answers Author. FV PV 1r n.
