Question

what is meant by Compound Interest?​

Answer 1

Answer:

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. ... When calculating compound interest, the number of compounding periods makes a significant difference.

Answer 2

Answer:

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.