FeelFreetoLearnProducts Used to Record EditingCameraCanon EOShttpsamznto3kyZOpYTripodDigitek httpsamznto2XR60zQMicrophoneRo. Compound interest is when a bank pays interest on both the principal the original amount of moneyand the interest an account has already earned. A the total amount you are trying to find.
Treasury savings bonds pay out interest.
Following is the formula for calculating compound interest when time period is specified in years and interest rate in per annum. If the principal P rate of interest per unit time r 2. Let us calculate the compound interest on a principal kept for year at interest rate compounded half-yearly. A the total amount you are trying to find.