Math, asked by nutandas66, 4 months ago

what is compound interest?

Answers

Answered by rajendradahate151

1

Step-by-step explanation:

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. Compound interest is standard in finance and economics

Answered by Anonymous

2

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.

Step-by-step explanation:

hope it helps you

Previous Question

Next Question

Similar questions

Computer Science, 2 months ago

Microsoft Company deveolps powerpoint program weather true or false...

Science, 2 months ago

$\huge \mathbb{ \red {★᭄ꦿ᭄qu} \pink{e}\purple{S} \blue {t} \orange{i} \green{on★᭄ꦿ᭄}}$ Starting with barium carbonate Explain How you would prepare a dry sample of Barium sulphate. no Spam ❌...

Social Sciences, 2 months ago

write about MANREGA program...

Math, 4 months ago

ABCD is a recharge P, Q, R, S are mid-point of a side AB, BC, CD, DA respectively. Show that the quadrilateral P, Q, R, S is a rhombus ...

Physics, 4 months ago

what is scientific conception of work❓ . . . . ❌don't spam❌...

English, 10 months ago

What message is conveyed through this poem? Justify your answer giving suitable reasons.

Social Sciences, 10 months ago

what are the objectives of economic development of India...

Chemistry, 10 months ago

Bleaching powder is used for bleaching the cotton in industry. 1.what type of reaction is involved in the bleaching? 2. Which part of the bleaching powder causes the reaction? Plz answer this question. It is urgent...