Which term describes the interest earned on both the initial principal and the interest that has been added to it?
Which term describes the interest earned on both the initial principal and the interest that has been added to it?
کون سی اصطلاح ابتدائی پرنسپل اور اس میں شامل کردہ سود دونوں پر حاصل کردہ سود کو بیان کرتی ہے؟
Explanation
Compound interest: Interest on both principal and accrued interest, resulting in exponential growth.
Compound interest is earned on the initial principal and the accumulated interest from previous periods.