![compound interest rate table compound interest rate table](http://www.imod.co.za/wp-content/uploads/2014/02/table1.png)
the time which is the period that the money will be withdrawn or stop gaining interest.the percentage rate of the compound interest on the principal amount.To calculate the compound interest, we should know:
![compound interest rate table compound interest rate table](https://www.syfe.com/magazine/wp-content/uploads/2020/11/Syfe-Graph-1-1536x1007.jpg)
When solving questions related to compound interest, we are actually asked to find the amount of money that is obtained or earned over a particular period of time as a result of the rate of compound interest added. This is the whole idea of compound interest. Compound interest graphįrom the compound interest graph we can see that as time increases, the money also increases. Take a look at the compound interest graph below. The idea is that the interest gained on the principal amount is reinvested, and future interest is added to the principal amount plus the earlier interest, where the principal amount is the original amount of money that was invested. Compound interest is the accumulation or addition of interest to a principal amount.