Math, asked by ajreen2001, 6 months ago

Explain compound interest

Answers

Answered by anshitjhanwarkota

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.

Step-by-step explanation:

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Answered by avi4997

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one

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