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Compound interest

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Compound interest

    • Posted by Raushan Raj 7 years, 1 month ago

    CBSE > Class 10 > Mathematics
    • 1 answers

    Shivam Anand 7 years, 1 month 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.

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