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Compound interest. Compound interest is interest accumulated from a principal sum and previously accumulated interest. It is the result of reinvesting or retaining interest that would otherwise be paid out, or of the accumulation of debts from a borrower.
The wheat and chessboard problem (sometimes expressed in terms of rice grains) is a mathematical problem expressed in textual form as: If a chessboard were to have wheat placed upon each square such that one grain were placed on the first square, two on the second, four on the third, and so on (doubling the number of grains on each subsequent ...
Logarithm (log) log. logarithm. v. t. e. In mathematics, exponentiation is an operation involving two numbers: the base and the exponent or power. Exponentiation is written as bn, where b is the base and n is the power; this is pronounced as " b (raised) to the (power of) n ". [1]
Alamy April is Financial Literacy Month, and our goal is to help you raise your money IQ. In this series, we'll tackle key economic concepts -- ones that affect your everyday finances and ...
Here are some examples to illustrate how interest compounded daily vs. monthly can affect your savings. Example #1: Compounding Monthly. Assume you deposit $10,000 into a high-yield savings ...
Worksheet generators are often used to develop the type of worksheets that contain a collection of similar problems. A worksheet generator is a software program that quickly generates a collection of problems, particularly in mathematics or numeracy. Such software is often used by teachers to make classroom materials and tests.
Exponential functions with bases 2 and 1/2. The exponential function is a mathematical function denoted by () = or (where the argument x is written as an exponent).Unless otherwise specified, the term generally refers to the positive-valued function of a real variable, although it can be extended to the complex numbers or generalized to other mathematical objects like matrices or Lie algebras.
Glossary of mathematical symbols. A mathematical symbol is a figure or a combination of figures that is used to represent a mathematical object, an action on mathematical objects, a relation between mathematical objects, or for structuring the other symbols that occur in a formula. As formulas are entirely constituted with symbols of various ...