Why was clemency trending last week?

compound interest

interest paid on both the principal and on accrued interest.
Origin of compound interest
1650-60 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
Cite This Source
Examples from the web for compound interest
  • The topics ranged from compound interest to number theory, hydrodynamics and astronomy.
  • Note: the cost will rise forever as compound interest works both ways.
  • Now for you fans of compound interest out there, that works out to be quite an impressive total after two decades.
  • Thanks to compound interest, even small sacrifices count.
  • compound interest turns wealth into more wealth and debt into more debt.
  • compound interest on loans was now a breeze to calculate.
British Dictionary definitions for compound interest

compound interest

interest calculated on both the principal and its accrued interest Compare simple interest
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source
compound interest in Science
compound interest  
Interest computed on the original principal plus any accrued interest. Thus if 5% is the rate of interest per year and the principal is $1000, the compound amount after one year will be $1050, after two years it will be $1050 × 0.05 = $1102.50, after three years it will be $1102.50 × 0.05 = $1157.63, and so forth. Mathematically, if P is the original principal and I the rate of interest expressed as a decimal, the compound amount at the end of the nth year will be P(1 + I)n. The growth of the compound amount is exponential and not linear. Compare simple interest.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
Cite This Source
compound interest in Culture

compound interest definition

Interest that is added not only to the principal of a loan or savings account but also to the interest already added to the loan or account; interest paid on interest.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Difficulty index for compound interest

Few English speakers likely know this word

Word Value for compound

Scrabble Words With Friends

Quotes with compound interest