Compound interest at certain number of days

Creative Commons Attribution/Share-Alike License 3.0 (Unported)

This content is licensed under Creative Commons Attribution/Share-Alike License 3.0 (Unported). That means you may freely redistribute or modify this content under the same license conditions and must attribute the original author by placing a hyperlink from your site to this work https://planetcalc.com/109/. Also, please do not modify any references to the original work (if any) contained in this content.

"Business and financial calculations basics" course task, "Compound interest" subject.
There are results for different accrual periods in the table. In general, the greater their number (monthly), the more profit the bank will get. Although, if the deposit period is lesser than a year the accrued amount will be less than in the calculation of a simple interest..

PLANETCALC, Compound interest at certain number of days

Compound interest at certain number of days

Digits after the decimal point: 2

Creative Commons Attribution/Share-Alike License 3.0 (Unported) PLANETCALC, Compound interest at certain number of days

Comments