Question

What is Compound Interest, Explain with a problem.​

Answer 1

$\huge{\underline{\underline{\mathtt{\purple(★A)\green{N}\pink{S}\blue{W}\purple{E}\red{R° ᭄}}}}}$

If you have a savings or investment account, it's money you earn from your interest. That's a good thing. If your loan has compound interest, it's interest that's charged on your interest. That's a bad thing.