Simple And Compound Interest Notes. Simple and compound interest simple and compound interest key notes updated on oct 2020 68622. The money borrowed or lent out for a certain period is called the.
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Si pnr a p si. It is denoted by si. Simple and compound interest simple and compound interest key notes updated on oct 2020 68622.
Sum of principal and interest and is denoted by a.
The money borrowed or lent out for a certain period is called the. The sum at the beginning of the first year. The interest calculated every year on original principal i e. While the total interest payable over the three year period of this loan is 1 576 25 unlike simple interest the interest amount is not the same for all three years because compound interest.
