Question

What do you mean by compound Interest? ​

Answer 1

Answer:

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

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Answer 2

Answer:

With Compound Interest, you work out the interest for the first period, add it to the total, and then calculate the interest for the next period, and so on .

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