Math, asked by princedsouza72, 3 months ago

a) When interest is charged on the
principal and also on the interest
accured in the previous year, the
total interest payable at the end of
the period is termed as​

Answers

Answered by Anonymous
3

Answer:

Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. Thought to have originated in 17th-century Italy, compound interest can be thought of as "interest on interest," and will make a sum grow at a faster rate than simple interest, which is calculated only on the principal amount.

Answered by jagrutijethwa85
0

Answer:

compound interest

compound interest

compound interest

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