1. Compound Interest 10/17/2013Ashish Jaiswal MBA (Section A) Sem I- 2013-15 1 2. Definition When the simple interest (not paid as soon as it falls due) is added to the…
Slide 1Mathematics of Compound Interest Chapter 11 Slide 2 Compound Interest Compound interest formula: expresses value of principal sum of money left on deposit (or invested)…