Question

what do you mean by compound interest

Answer 1

It is interest calculated on the initial principal and which also includes all of the accumulated interest of previous periods of a deposit or loan.

A = P(1+r/n)(nt) 

Answer 2

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✔Ans = Compound interest is the addition ofinterest to the principal sum of a loan or deposit, or in other words, intereston 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 accumulatedinterest.

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i hope help u jiii ❤❤❤❤