HSC Together General Maths: Basic Principles of Compound Interest

Basic Principles of Compound Interest

What is Compound Interest?

Compound interest is calculated on the initial amount borrowed or invested plus any interest that is either charged or earned respectively. We use the compound interest formula to calculate the future value of the loan or investment. The following post will explain basic principles of compound interest in QCE General Maths.

 

How does compound interest work?

The following video introduces compound interest.

 

 

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