Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. ... Interest can be compounded on any given frequency schedule, from continuous to daily to annually.
COMPOUND INTEREST - is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Answers & Comments
Answer:
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. ... Interest can be compounded on any given frequency schedule, from continuous to daily to annually.
Step-by-step explanation:
hope it helps
#CARRYONLEARNING