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Compound Interest Definition

Compound Interest Definition

Submitted by • August 30, 2012 www.tutorcircle.com

Compound Interest depends on principal amount and past interest. Compound interest is basically used to get interest over the interest to earn some profit. Here compound word stands for compounding interest and principal.Compound interest definition: Compound interest is interest that is paid on principal as well on interest on any time of Period.

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Voted by csjangir100

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