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11-11-2019
Social Studies

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Question 3
What is "compound interest"?

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11-11-2019

Answer:Compound interest is the addition of interest to the principal sum of a loan or deposit

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

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11-11-2019

an addition of interest of the principle of sum or loan

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