Talita Bispo

In 2017, I didn't even know what fractional numbers were, let alone decimals.

I was browsing around on my laptop and found a quote for currencies in 2017. What's up?

This is nostalgia! ♥️✨💎 2017

Hey guys...
an amazing tip, send your IDs in the comments and everyone can help each other...
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Compound interest is interest calculated on the initial amount (principal) and also on accumulated interest from previous periods. It's basically "interest on interest", which makes the value grow faster than simple interest.

Compound Interest Formula

M = C \times (1 + i)^t

C: Initial capital.

i: Interest rate (in decimal, e.g. 5% = 0.05).

t: Time (in periods).

Quick Example

Starting capital: R$ 1,000

Interest rate: 5% per month (0.05)

Time: 3 months

Calculation:

1. First month:

2. Second month:

3. Third month:

Result: R$ 1,157.63

This shows how the amount grows faster with compound interest.

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