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olga_2 [115]
4 years ago
8

This is for personal finance but theres no one there

English
2 answers:
Vladimir79 [104]4 years ago
6 0

The addition of interest to the principal amount in the account, deposit or loan it's called Compound interest, being the outcome of reinvesting the interest (<em>interest on interest</em>), in that way the interest in the forthcoming term is a gain on the principal amount with the preceding collected interest; instead of paying it out at once.

Its earning interest on the deposited money and on the interest already earned.

uysha [10]4 years ago
3 0
It is called compound interest - provided you leave the interest in the account.
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