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Definition And Derivation Of Compound Interest Formula; Calculation Of Amount; In Hindi 🔥🔥🔥
Автор: Math Solutions Foundation
Загружено: 2019-09-29
Просмотров: 3527
Описание:
Sometimes it so happens that the borrower and the lender agree to fix up a certain unit of time, say yearly or half -yearly or quarterly to settle the previous account. In such cases, the amount after first unit of time becomes the principal for the second unit, the amount after second unit becomes the principal for the third unit and so on.
After a specified period, the difference between the amount and the money borrowed is called the compound Interest for that period.
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