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Compound interest is a favorable method of compensating lenders and depositors wherein interest is periodically credited to the principal, and subsequent interest is paid on the increasing balance.

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Elements and Compounds Examples: This article explains the definition of elements and compounds, their characteristics, differences, and examples. Read this to understand these terms better.

Compound interest is a means of calculating the potential return from an investment that takes the cumulative effect of interest into account. How does compound interest work? Compound interest works ...