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What is compound intrest meaning?

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What is compound intrest meaning?

Posted by Sahil Kumar 5 years, 8 months ago

CBSE > Class 08 > Mathematics

6 answers

Navya Sree 7 years, 2 months ago

Simple interest is calculated on the principal ,or original amount of loan. compound interest is calculated on principal amount and also on the accumulated interest of previous periods and can be regarded as interest on interest.

Golam Maroof Ahmed 7 years, 2 months ago

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

Shreya Sengar 7 years, 2 months ago

Your answer is so boring , so that's why i m not intarested to give answer of this question

Sahil Kumar 7 years, 2 months ago

Why

Shreya Sengar 7 years, 2 months ago

Sorry , i don't want to send you this massage

Sahil Kumar 7 years, 2 months ago

In kendriya vidyalaya

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