Question

What is Compound Interest?​

Answer 1

Step-by-step explanation:

Compound interest is the total amount added to principal amount or loan .

U can also say interest on interest

Answer 2

Compound interest is the interest you earn on interest. This can be illustrated by using basic math: if you have $100 and it earns 5% interest each year, you'll have $105 at the end of the first year. At the end of the second year, you'll have $110.25.