Compound interest is interest paid not only on the initial investment but also on any interest earned after the initial investment.

Name: Compound interest is interest paid not only on the initial investment but also on any interest earned after the initial investment.
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Question

Quizplus · Accepted Answer

Compound interest involves earning interest on both the initial investment and any interest earned on that investment. This can lead to significant growth in the long run.

Compound Interest Is Interest Paid Not Only on the Initial