Power Of Compound Interest
1.) what is Compound Interest/Working of compound Interest :- In simple terms the compound interest is the interest on interest that means the interest you earned from your investment is reinvested and you also get return/interest on it. the cycle of reinvesting repeats till we withdraw our investment. it is also known as the 8th wonder of the world and it is said that who understand compound interest they earn it & who don't they pays it. [ Growth Of Money In Compounding Interest ] 2.) Formula OF Calculation :- A = P (1 + r/n) (nt) Where P=Principal amount r= Annual interest rate n= Number of Compound Periods t= Time factor 3.) Power Of Compound interest :- The power of compounding interest works on the long term investments, and not for the short term investor, the more time you give the more return you will get.The people with patience can see the magic of the compound interest. It is like