Compound interest refers to the interest calculation method in which the interest for a certain interest calculation period is calculated by adding the principal plus the total interest accumulated in the previous period when calculating interest, which is commonly referred to as "interest based on interest." ", "Profit compounded". The formula of compound interest: F=A*(1+i)^n. Deposit A ??at the beginning of the period, with i as the interest rate, and deposit the sum of principal and interest after n periods.

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Response time: 2021-11-30. For the latest business changes, please refer to the official website of Ping An Bank.