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compound interest is interest on interest and again interest on amount together with principle plus interst

When. Interest compiles eg you have 10% interst on 100 , so after a year you have 110 10% again 11 pounds so you have 121 next year 10% you have 133.10 and so on

compound interest is interest that is added each year from you profits that year, an example to make this easier - say you had 200 pounds in your bank and the company was giving you ten percent per annum. after your first year you will have made 220 pounds as you take ten percent (£20) from your balance and add it on. The next year say you have the same £220 another ten percent will be added- ten percent of 220 not 200.

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Q: What is compound interest?

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There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.

its compound interest

With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.

compound interest increases interest more than simple interest

The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.

Compound interest.

compound... yes it is compound interest.

Compound interest

Compound Interest

There is no carrot in the compound interest formula!

It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.

No.

The interest for 1 year is 37.00, whether it is simple or compound interest.

simple interest and compound interest

This new type of bank account has compound interest.

simple interes: on principal only; compound interest: on both principal and interest.

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

yes

Compound Interest

it's called compound interest

The conclusion was when the interest was paid out.

simple interest is paid on the principle only; compound is paid on both principle and interest

Compound

Compound interest means that the amount of interest earned during a period increases the principal, which is then larger for the next interest period.

There are two types of interest used in finance: Compound Interest and Basic Interest. Basic Interest is paid once at the end of the earning period. Compound interest is added at set intervals throughout the earning period, which allows the investor to earn interest on their interest.