 IS when the interest is added to the principal, at the end of the year', and on that amount the interest cast for another year, and added again, and so on : this is called Interest upon Interest.  The Pilot Arithmetics - Page 751924Full view - About this book
 | Edwin Crawford Hewett - Arithmetic - 1897 - 370 pages
...mo., at 8$. COMPOUND INTEREST. 247. Compound Interest differs from annual interest in one particular: the interest is added to the principal at the end of each period, thus forming a new principal each time. Hence, compound interest is more than annual interest.... | |
 | Peder Lobben - Mechanical engineering - 1899 - 460 pages
...interest, it is called compound interest. EXAMPLE. What is the amount of JS!00. in 3 years, at 3% ? The interest is added to the principal at the end of each year. Solution: Principal and interest at the end of first year, io:i X soo — NJ1.i. 100 Principal... | |
 | John Marvin Colaw, John Kelley Elkwood - Arithmetic - 1900 - 450 pages
...principal at stated intervals and by using the sum as a new principal is called Compound Interest. 1. When the interest is added to the principal at the end of each year, the interest is said to be compounded annually ; when it is added every three months, it is said... | |
 | William Kent - Engineering - 1907 - 1206 pages
...months hence I Six months = 182 days, add 8 days grace = 185 Compound Interest.— In compound interest the interest is added to the principal at the end of each year, (or shorter period if agreed upon). Let p = the principal, r = the rate expressed decimally,... | |
 | Elmer Adelbert Lyman - Arithmetic - 1905 - 270 pages
...savings bank at 2><jo. Find the amount due July 3, 1900. 257. Compound Interest. In compound interest the interest is added to the principal at the end of each interest period. Then the amount becomes the new principal for the next interest period. Unless otherwise stated, interest... | |
 | Education - 1914 - 220 pages
...long terms is found by the use of compound interest tables. When the use of a table is not convenient, the interest is added to the principal at the end of each term, and this becomes the principal for the succeeding term or part of a term as the case may be.... | |
 | Joseph Claudel - Mathematics - 1906 - 758 pages
...when the principal remains the same throughout the duration of the loan. 386. Interest is compound when the interest is added to the principal at the end of each year or other fixed period and bears interest with it. Savings banks furnish an example of this kind... | |
 | Gustavus Sylvester Kimball - Business mathematics - 1911 - 444 pages
...on the principal, but its unpaid interest combined at regular intervals. 507. In compound interest the interest is added to the principal at the end of each interest period. Then the amount becomes the new principal for the next interest period. The period of computation may... | |
 | Anson Hardin Bigelow, William Allen Arnold - Business mathematics - 1911 - 296 pages
...security, and are generally sold in the open market. 163. Compound Interest. In Compound Interest, unpaid interest is added to the principal at the end of each interest period. .The whole amount is then considered as a new principal, upon all of which interest thereafter is to be... | |
 | Ezra Christian Ebersole - 1914 - 1698 pages
...of interest upon the interest on the installments. Compound interest, properly so called, is where the interest is added to the principal at the end of each year, half year or quarter, as the case may be, and the sum thus obtained is taken for a new principal.... | |
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