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compound...

yes it is compound interest.

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compound...

yes it is compound interest.

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P(r/100)^2

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With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.

With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.

With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.

With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.

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There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.

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its compound interest

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