The difference between the final amount and the original principal is called _______ .
interest
rate of interest
time period
principal
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What is the difference between simple interest and compound interest on a principal amount of 10000?
When the interest you get after every year is different for a given principal sum and rate of interest, it is called-
When the interest is compounded quarterly, the amount (A) is calculated by: (P = Principal, r = rate of interest, n = time period)