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9 compound interest.pptx

28. Mar 2023
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9 compound interest.pptx

  1. compound interest
  2. Compound Interest • Compound interest is calculated on the principal amount and also on the interest accrued from previous periods and, therefore, can be considered as "interest on interest". Video compound interest
  3. Formula 𝒏 = 𝒍𝒏 𝑨 𝑷 𝒍𝒏 𝟏 + 𝒊 𝟏𝟎𝟎 To calculate time To calculate Amount Received
  4. Example
  5. Example
  6. Go to worbook • Continue with Exercise 2 page 23 • Activity 1, page 17 • Exercise 3, page 24
  7. What did you learn ? • Difference between simple interest and compound interest ? • Formula.
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