about compound interest
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Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan. 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.
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compoundcompound interest is the addition of interest to the principal sum of loan or deposit or in other words interest on interest it is the result of investigating interest............
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