Python/financial
Samuel Willis a1aa6313e0
Adding time and a half pay calculator algorithm to financial folder (#12662)
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Co-authored-by: pre-commit-ci[bot] <66853113+pre-commit-ci[bot]@users.noreply.github.com>
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2025-04-18 02:33:08 +03:00
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2021-10-26 18:19:00 +02:00
2022-10-26 23:15:02 +02:00

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
  • 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