1th year B.Com

1th B.Com

 Unit-2 

Compound interest 

What Is Compound Interest?

Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.

"Interest on interest," or the power of compound interest, will make a sum grow faster than simple interest, which is calculated only on the principal amount. Compounding multiplies money at an accelerated rate. The greater the number of compounding periods, the greater the compound interest will be. Compound interest can help your investments but make debt more difficult.

             Thank you

Gopisankar 

23UCM010