What is the meaning of compound interest?
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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 ^_^
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
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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