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what is compound interest gcse maths. This is because all previously earnt interest remains in the account so the sum from which to calculate interest becomes larger over time. In the next time period we then take this new value unlike simple interest and increase it by the same percentage and so on.
Simple Versus Compound Interest Simple Interest Math Cool Math Tricks Compound Interest from in.pinterest.com
In the next time period we then take this new value unlike simple interest and increase it by the same percentage and so on. Even if you cant get a 4 compound interest rate. Compound interest is where interest is paid on the interest from the year or whatever time frame is being used before as well as on the original amount This is different from simple interest where interest is only paid on the original amount.
Therefore make sure during your maths revision to study these example questions and maths activities.
In this maths video I will relatively quickly calculate the compound interest of an amount. Compound Interest is where interest is paid on the interest from the year or whatever time frame is being used before as well as on the original amount. Compound interest means that each time interest is paid onto an amount saved or owed the added interest also receives interest from then on. After one year you will have 100 10 110 and after two years you will have 110 10 121.
