mirror of
https://github.com/TheAlgorithms/Python.git
synced 2024-11-27 23:11:09 +00:00
5 lines
452 B
Markdown
5 lines
452 B
Markdown
|
### Interest
|
||
|
|
|
||
|
|
* Compound Interest: "Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one." [Compound Interest](https://www.investopedia.com/)
|
||
|
|
* Simple Interest: "Simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. " [Simple Interest](https://www.investopedia.com/)
|