Math, asked by Abhijeetroy, 1 year ago

define compound interest

Answers

Answered by satyam3014
2
Compound interest (or compounding interest) is interest calculated on the initial principal and which also includes all of the accumulated interest of previous periods of a deposit or loan
Answered by nick18068
0
Compound interest is a interest on initial principal which also includes all the accumulated interests of previous period of a deposit or loan.... In better way i can explain as compound interest is a interest that is added to a loan principal as it accumulates.
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