Find compound interest-00610
This subjective question is related to the book/course
vu cs403 Database Management Systems.
It can also be found in
vu cs403 Mid Term Solved Past Paper No. 1.
Question 1: Find compound interest
Answer:
if interest is left in the account to accumulate for a longer period (usually longer than one year), common practice requires that after interest is earned and credited for a given period, the new sum of principal + interest must now earn interest for the next period, etc. This is compound interest.
