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Compound Interest
Interest calculated not only on the original amount of the deposit or loan but also on the interest that has accumulated over previous periods.
Compound Interest
Calculated interest on a deposit or loan that involves the initial principal plus the interest that has built up in past periods.
Fraction
A mathematical expression representing the division of one integer by another, indicating a part of a whole.
Decimal Equivalent
A numerical value expressed as a decimal, representing the fraction of a whole number.
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