GenMath: Compound Interest
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6 Terms
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compound interest
The difference between the compound amount and the original principal is called
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final amount =
compound amount
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compound interest din
When the interest due at the end of a certain period is added to the principal and that sum earns interest for the next period, the interest paid is called
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formula for interest
𝑷 (𝟏 + 𝒓/ 𝒎)^ 𝒎𝒕 − 1
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formula for final value
𝑷 (𝟏 + 𝒓 /𝒎) ^mt
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Note 
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