What is Compound Interest? Compound Interest Formulas

What is Compound Interest? Compound interest is calculated on the principal amount and this is the interest that is accumulated over time. Unlike simple interest where instead of adding value to the principal amount, interest is calculated for next few years. The major application of compound interest can be seen in our daily transactions and […]

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What is Differentiation in Calculus? Differentiation Formula

Calculus is a branch of mathematics that focuses on the calculation of the instantaneous rate of change (differentiation) and the sum of infinitely small pieces to determine the object as a whole (integration). Two popular mathematicians Newton and Gottfried Wilhelm Leibniz developed the concept of calculus in the 17th century. Today, this is the basic […]

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