The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th

Question

ikadub [295]

2 years ago

5

The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th

e interest, is called:.

Business

1 answer:

atroni [7] · Answer 1 · 2023-06-18T05:29:49+03:00

Compounding is the process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.

<h3>What is compounding?</h3>

This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.

The initial principal amount and the interest made after a period when added together is regarded as compounding.