Question

explain me about compound interest

Answer 1

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Your answer➡


Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.


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Answer 2

Answer:

Step-by-step explanation:

I GOOGLED YOUR QUESTION IT SAYS;

What is Compound Interest

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