Question

what is compound interest​

Answer 1

Answer:

Step-by-step explanation:

Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. 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.

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

Answer 2

compound interest in the addition of interest to the principle of sum of loan and deposits

Step-by-step explanation:

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