Start_Capital = 10000 Interest_Rate = 5 && Percent per year or other period Periods = 10 && Years or other periods End_Capital = Start_Capital * (1 + Interest_Rate/100)^Periods
compound interest is interest on interest and again interest on amount together with principle plus interstWhen. Interest compiles eg you have 10% interst on 100 , so after a year you have 110 10%...
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
With simple interest, you just multiply the capital, the number of years, and the yearly interest rate. For example, for a capital of 10,000 dollars, 3% interest, 10 years, that would give you 10,000...