Description
compound interest,interest on interest ,chakriya byaj,interest
We know that compound interest quite tough to calculate manually.
What Is Compound Interest?
Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. Thought to have originated in 17th-century Italy, compound interest can be thought of as "interest on interest," and will make a sum grow at a faster rate than simple interest, which is calculated only on the principal amount.
The rate at which compound interest accrues depends on the frequency of compounding, such that the higher the number of compounding periods, the greater the compound interest. Thus, the amount of compound interest accrued on $100 compounded at 10% annually will be lower than that on $100 compounded at 5% semi-annually over the same time period. Since the interest-on-interest effect can generate increasingly positive returns based on the initial principal amount, it has sometimes been referred to as the "miracle of compound interest."
compound interest are called chakriya byaj in Nepali.
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Good
MADARSA AZHARIWed, May 1, 2024
English
Ok
Sunil YadavSat, Apr 27, 2024
English
Excellent thanks
Mr Hari SahFri, Apr 19, 2024
English
Achha hai aap
Nitish KumarSun, Apr 7, 2024
English
Good one
Pappu SahFri, Oct 27, 2023
English
Out standing
Amreet ChaudharySun, Oct 22, 2023
English
Super aap
Krishna ThakurThu, Sep 28, 2023
English
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About
Bundle Id
np.icoolsantosh.cmpiMin Os. Version
4.4Release Date
Sat, Feb 20, 2021Update Date
Mon, Mar 4, 2024Content Rating
EveryoneWhat's New
version
1709574636000updated
2 months agoSimple interest calculator
UI modification
Notes features
Light and Dark mode features
Added Calender
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