Question

what is meant by compound interest ​

Answer 1

Answer:

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.

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Answer 2

Answer:

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

Step-by-step explanation:

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