It was Albert Einstein who called compound interest the “eighth wonder of the world”, saying that “he who understands it, ...

Simple interest is always calculated using the original amount. Compound interest In compound interest the amount in interest is added to the original at the end of each year. So the next year the ...

Compound interest close compound interestThe interest ... sure repayments are manageable and can be made in time. Using your maths skills, help to build bridges and bring light back to the islands ...