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What is the compound interest

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ZurimotoRenkashimego

Answer:

Compound interest

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.

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Princesspinky80go

Answer:

What Is Compound Interest? Compounding is a process of growing. If you’re familiar with the “snowball effect,” you already know how something can build upon itself. Compound interest is interest earned on money that was previously earned as interest.

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