Simply put, compounding refers to the re-investment of #income at the same rate of return to constantly grow the #principalamount, year after year. Cumulative #fixeddeposits are a prime example of compounding at work, wherein the #totalinterest that you get paid for the period is in excess of the rate of #interest multiplied by the period of the #deposit.
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1/23/2019, 6:59:10 AM