Compound interest- interest computed on the principal and also on the accumulated past interest.
(the more na nadadagdagan yung year the more na tumataas ang principal)
Formula: F=P(1+r)^t
Formula for finding the interest
I=F-P
Compound interest- interest computed on the principal and also on the accumulated past interest.
(the more na nadadagdagan yung year the more na tumataas ang principal)
Formula: F=P(1+r)^t
Formula for finding the interest
I=F-P