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What is Compound interest..? Explain a few lines of words..? | MUNIPALLI AKSHAY PAUL |

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Compound Interest is a financial concept where the interest earned on a principal amount also earns interest over time. This process of earning "interest on interest" accelerates the growth of an investment or loan compared to simple interest, where only the principal earns interest.  Formula for Compound Interest The formula to calculate compound interest is:   \[ A = P \times (1 + \frac{r}{n})^{n \cdot t} \]   Where:   - A = Total amount (principal + interest).   - P = Principal amount (initial sum of money).   - r = Annual interest rate (in decimal form).   - n = Number of times the interest is compounded per year.   - t = Time (in years).   The compound interest is then calculated as:   \[ CI = A - P \]    Key Features of Compound Interest 1. Exponential Growth      Compound interest grows exponentially because interest is calculated on an increasing amou...

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