This video will help you in understanding the basic concepts of Compound Interest and formulas to quickly attempt these questions in competitive exams.

Difference Between Simple Interest and Compound Interest First, we’ll begin with the basic and brief definitions and formulas of simple and compound interest.

When it comes to calculating interest, there are two basic choices -- simple and compound.

Simple interest is based on the principal amount of a loan, while compound interest is based on the principal plus accumulated interest. Learn more in our guide.

When looking at a narrow time frame like a single bank statement period, the compound interest formula will give similar results to the simple interest formula.

How to Write a Program to Calculate Compound Interest. Whether it's figuring the mortgage on commercial property or the rate on a short-term loan, compound interest calculations are a basic ...

The basic and boring definition of compound interest is the interest on the initial principal plus the accumulated interest of previous periods. Or, in our case, an investment that has earned ...

Continuous compound interest is a formula for loan interest where the balance grows continuously over time, rather than being computed at discrete intervals. This formula is simpler than other ...