Economy, asked by akshatmalik9956, 1 year ago

What is the meaning of compound interest?

Answers

Answered by Anushka0408
0
hey!!
here's your answer

______.

Compound interest is interest calculated on the accumulated interest of previous periods of a deposit or loan.

________.

hope this helps ^_^
Answered by ag5578112
2

Question:-

What is the meaning of compound interest?

Required 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.

Explanation:

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