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What are the types of Types of Compound Interest?

By IndianMoney , 5 months ago

Periodic Compounding - Under the Periodic Compounding method, the interest rate is applied at intervals and generated. This interest is added to the principal. Periods here could mean annually, bi-annually, monthly, or weekly. Continuous Compounding - 1. Continuous Compounding uses a natural log-based formula and calculates interest at the smallest possible interval. 2. This interest is added back to the principal. 3. This can be equalled to the constant rate of growth for all natural growth. 4. This figure was born out of physics.

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