Compound Interest

• 作者: 刘晓玫 杨永良
• 来源期刊: 中学生数学：初中版
• 学科: 教育
• 年，卷（期）: zxssx_2007,（12）
• 页数: 1页
• 分类号: G63

摘要

The simple interest method of calculating interest over a fixed period on the initial amount of the principal only is not so commonly practiced nowadays.Most banks and finance companies use the compound interest method to calculate interest over multiple periods on the initial amount of principal plus interest earned in previous period,the following example illustrates this meth- od.