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andrew11 [14]
3 years ago
7

Question 3 What is "compound interest"?

Social Studies
2 answers:
Makovka662 [10]3 years ago
6 0

Answer:Compound interest is the addition of interest to the principal sum of a loan or deposit

Explanation: 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

Nikitich [7]3 years ago
4 0
An addition of interest of the principle of sum or loan
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