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# Compound interest question watch

1. £50,000 over 25 months @ a compound interest rate of 0.7535% per month.

Do I simply work what 0.75% is of £50,000 then multiply by 25?

How does compound interest work?
2. Tom <[email protected]> wrote in uk.education.maths:
[q1]>£50,000 over 25 months @ a compound interest rate of 0.7535% per month.[/q1]
[q1]>[/q1]
[q1]>Do I simply work what 0.75% is of £50,000 then multiply by 25?[/q1]
[q1]>[/q1]
[q1]>How does compound interest work?[/q1]

Please don't post the same query multiple times.

You can find formulas and explanations of compound interest on my Web page:

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heaven's name brought you to Casablanca?" "My health. I came to Casablanca for the waters." "The
waters? What waters? We're in the desert." "I was misinformed."

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