Math, asked by MANSAM, 9 months ago

Somebody can explain me compound interest I am new here so pls don't be rude at giving answer ​

Answers

Answered by DeepinderBawa
1

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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