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compound interest

1 ENTRIES FOUND:
compound interest noun
compound interest
noun
Learner's definition of COMPOUND INTEREST
[noncount] finance
: interest paid both on the original amount of money and on the interest it has already earned复利 compare simple interest

compound interest

noun

: interest computed on the sum of an original principal and accrued interest

Example Sentences

Recent Examples on the Web And never, ever underestimate the importance of compound interest. Sarah Todd, Quartz, 30 Aug. 2022 The magic of compound interest, transforming a pittance into a fortune—has always provoked both awe and fury. Adam Rowe, WSJ, 12 Aug. 2022 But most people aren't starting early enough to take advantage of that compound interest factor. Kunyi Yang, CNN, 20 June 2022 But most people aren't starting early enough to take advantage of that compound interest factor. Kunyi Yang, CNN, 20 June 2022 The case for allotting money to savings and investing for retirement has to do with compound interest. Ryan Derousseau, Forbes, 31 Oct. 2021 Thanks to compound interest, even modest amounts of savings will grow exponentially over longer stretches of time. Kunyi Yang, CNN, 20 June 2022 Investing and saving early reaps huge rewards as a result of the impact of compound interest. Expert Panel®, Forbes, 30 June 2022 Thanks to compound interest, even modest amounts of savings will grow exponentially over longer stretches of time. Kunyi Yang, CNN, 20 June 2022 See More

Word History

First Known Use

1660, in the meaning defined above

Time Traveler
The first known use of compound interest was in 1660

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