Explain in your own words what the term compound interest means. What does continuous compounding mean?
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Explain in your own words what the term compound interest means. What does continuous compounding mean?
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Compound interest refers to the process of earning interest not only on the initial amount of money ...View the full answer
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Alex Maina Muigai
I am a recent graduate of Maseno University, where I earned a Bachelor of Science degree in Chemical Engineering. During my studies, I developed a strong knowledge base in chemical engineering principles, including chemical reaction engineering, fluid mechanics, and thermodynamics. I also gained extensive experience in laboratory techniques and process engineering.
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