Question

What is Compound Interest, explain with an example fast the first answer will be marked as brainliest answer​

Answer 1

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. Wikipedia

Step-by-step explanation:

Compound interest formula-

A = P(1 + r/n)^nt

Example in the attachment