Compound Interest

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Compound Interest

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Question

Asked 11/20/2008 8:07:18 AM

Updated 3/7/2014 9:54:46 AM

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Flagged by jerry06 [3/7/2014 9:54:46 AM]

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User: Compound Interest

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Question

Asked 11/20/2008 8:07:18 AM

Updated 3/7/2014 9:54:46 AM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by jerry06 [3/7/2014 9:54:46 AM]

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Compound interest arises when interest is added to the principal of a deposit or loan, so that, from that moment on, the interest that has been added also earns interest.

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Added 3/7/2014 9:54:45 AM

This answer has been confirmed as correct and helpful.

Confirmed by yumdrea [3/7/2014 9:55:07 AM]

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