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10-05-2022
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When interest is earned not only on principal but also earned on interest, it is referred to as:.

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gauravsingh23VT gauravsingh23VT

17-05-2022

when interest is earned not only on principal but also on interest. It is referred to as: Compound interest.

What is compound interest?When

Compound interest is the interest that is compounded on the loan when the deposit is measured in both the initial principle and the collected interest from the past period, and the original money is invested.

Thus, it is compound interest

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