Question = 1.Outline the industry-standard techniques and methods that should be used to complete the following routine calculations:

My Answer to compound Interest is

Compound interest is the interest on a loan/deposit calculated based on both the initial principal and the accumulated interest from previous periods. Compound interest can be thought of as "interest on interest,"

The rate at which compound interest accrues depends on the frequency of compounding, such that the higher the number of compounding periods, the greater the compound interest. Thus, the amount of compound interest accrued on $100 compounded at 10% annually will be lower than that on $100 compounded at 5% semi-annually over the same time period.