SULULIUI 1 What is "compound interest"?

Question

asked Jan 26, 2021 112k views

2 Answers

← Prev Question Next Question →

Ask a Question

Oscar Acevedo · Answer 1 · 2021-01-29T02:04:57+0000

Answer:

it's added on to the loan

Explanation:

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

Drdrez · Answer 2 · 2021-02-01T13:56:42+0000

Answer:

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

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.

SULULIUI 1 What is "compound interest"?

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

No related questions found

Categories

Other Questions