mayfieldthegreat mayfieldthegreat

01-05-2020
Mathematics

contestada

SULULIUI 1
What is "compound interest"?

Respuesta :

brendithasosa17 brendithasosa17

01-05-2020

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:

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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kyana22 kyana22

01-05-2020

Answer:

it's added on to the loan

Step-by-step explanation:

the other person totally searched it up so you could just done that but if you want a simplified answer here it is

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