Mastering Compound Interest: Formulas, Calculations, and Strategies

Types of Interest · Simple interest is calculated on the principal, or original, amount of a loan · Compound interest is calculated on the principal amount and

Compound interest, or 'interest on interest', is calculated using the compound interest formula A = P*^ , where P is the principal

compound interest formula Compound interest is taken from the initial – or principal

พิน pinterest Compound interest is taken from the initial – or principal