How Is Compound Interest Calculated?
Multiply the balance by (1 + rate ÷ periods), once for every period. A £5,000 example worked step by step, and why time matters far more than how often interest is added.
Multiply the balance by (1 + rate ÷ periods), once for every period. A £5,000 example worked step by step, and why time matters far more than how often interest is added.
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