Math, asked by Anonymous, 5 months ago


what \: is \: compound \: interest \:
answer in your words please​

Answers

Answered by vaishanavi2003
5

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 ...

Answered by itsgagan
0

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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