Which of the following is the definition of a compound interest?

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asked Sep 4, 2022 194k views

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Dougvk · Answer 1 · 2022-09-11T04:52:50+0000

The definition of a compund intrest is:

Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

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Which of the following is the definition of a compound interest?

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