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Why do banks pay compound interest?

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Aug 18, 2020
6:15

A lot of maths teachers will tell you HOW to calculate compound interest, but WHY do we have compound interest? Why does a bank pay compound interest on deposits? Find 100's more videos linked to the Australia Senior Maths Curriculum at http://mathsvideosaustralia.com/ There are videos for: Queensland: General Mathematics Queensland: Mathematical Methods Queensland: Mathematics Specialist Western Australia: Mathematics Applications Western Australia: Mathematics Methods Western Australia: Mathematics Specialist

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Why do banks pay compound interest? | NatokHD