First, the formula for calculating compound interest is as follows: K*(1+i)^n. Where K is the initial capital, i is the interest and n

It is interest on interest (also known as accrued interest). For example for the compound interest calculation, if you have a mutual fund

The usual formula is as follows: P x (1 + r/n)nt , where P is the amount of the initial investment, r is the interest rate, n the number of interest accrual periods and t is the total duration of the investment in years.

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