Compound Interest. Compound interest is calculated each period on the original principal and all interest accumulated during past periods. Although the interest may be stated as a yearly rate, the compounding periods can be yearly, semiannually, quarterly, or even continuously.
The band was formed in 1981 when vocalist/guitarist James Hetfield responded to an advertisement posted by drummer Lars Ulrich in a local newspaper. Metallica's current line-up comprises founding members Hetfield and Ulrich, longtime lead guitarist Kirk Hammett and bassist Robert Trujillo. Guitarist Dave Mustaine and bassists Ron McGovney, Cliff Burton and Jason Newsted are former members of the band.
Metallica is an American heavy metal band, founded in 1981 by drummer Lars Ulrich and rhythm guitarist James Hetfield. Aside from Ulrich, the original lineup for some of the 1982 concerts included James Hetfield (rhythm guitar and lead vocals), Dave Mustaine (lead guitar and backing vocals) and Ron McGovney (bass guitar). Cliff Burton replaced McGovney in 1982 and played with the band until his death in 1986.