4 years ago

What is a compound interest

2 answers:

4 0

Answer:

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

Step-by-step explanation:

Please mark as brainliest

olganol [36]4 years ago

3 0

Answer:Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.

Step-by-step explanation:

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What is a compound interest​

What is a compound interest