请输入您要查询的字词:

 

单词 compound interest
释义
compound interest

Mathematics
  • Suppose that an amount of money P is invested, attracting interest at i per cent annually. After one year, the amount becomes P(1 + i/100). So, adding on i per cent is equivalent to multiplying by 1 + i/100. When interest is compounded annually, all the previous year’s amount is used to calculate the interest due in the following year. So, after n years, the amount becomes

    P(1+i100)n.

    This is the formula for compound interest. This amount increases exponentially in contrast to the linear growth obtained with simple interest.

    http://www.moneychimp.com/calculator/compound_interest_calculator.htm A compound interest calculator.


Economics
  • The interest on a deposit or loan that itself earns interest in later periods, i.e. the interest due each period is added to the amount outstanding. Thus, at an interest rate of 100r per cent per period, after 1 period an original deposit of A amounts to A(1 + r); after 2 periods to A(1 + r)2; and after N periods to A(1 + r)N. These successive values form a geometric progression with common ratio (1 + r). With continuously compounded interest the amount of deposit is an exponential function of time, Aert.


随便看

 

科学参考收录了60776条科技类词条,基本涵盖了常见科技类参考文献及英语词汇的翻译,是科学学习和研究的有利工具。

 

Copyright © 2000-2023 Sciref.net All Rights Reserved
京ICP备2021023879号 更新时间:2024/6/28 14:08:00