Question

what is called compound interest ?​

Answer 1

Step-by-step explanation:

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. ... When calculating compound interest, the number of compounding periods makes a significant difference.

Answer 2

Answer:

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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. ... When calculating compound interest, the number of compounding periods makes a significant difference.