what is compounding interest?\ninterest gained only on the principal of an account\ninterest thats added to…

what is compounding interest?\ninterest gained only on the principal of an account\ninterest thats added to the principal of an account\ninterest thats not calculated on a regular basis\ninterest that doubles the principal of an account

what is compounding interest?\ninterest gained only on the principal of an account\ninterest thats added to the principal of an account\ninterest thats not calculated on a regular basis\ninterest that doubles the principal of an account

Answer

Brief Explanations:

Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods. It is interest that gets added to the principal of an account over time. Simple interest is only on the principal, and compound - interest is calculated on a regular basis (e.g., annually, monthly). It doesn't necessarily double the principal.

Answer:

interest that's added to the principal of an account