Day: October 10, 2019

Compound Interest (Compound Interest) – What is it?Compound Interest (Compound Interest) – What is it?

Compound interest (compound or compound interest) is a percentage calculated on the amount of initial capital, which also includes all accumulated interest from previous periods of deposits or loans. It is believed that this concept originates from 17th-century Italy and can be treated as ‘interest on interest’. Compound interest causes the sum to grow faster […]