Vocab Bloom Hub

compound interest

/ˈkɒmpaʊnd ˈɪntrəst/

1 entry

phrase

/ˈkɒmpaʊnd ˈɪntrəst/B2formalbusiness
  • ruПроценты, начисляемые на первоначальную основную сумму, а также на накопленные проценты за предыдущие периоды, часто описываемые как «проценты на проценты».

Interest calculated on the initial principal and also on the accumulated interest from previous periods, often described as 'interest on interest'.

  1. Interest on interestB2formal

    Interest calculated on the initial principal and also on the accumulated interest from previous periods.

    ruСложный процент

    • Compound interest can significantly increase your savings over time.
    • The bank offers a savings account with compound interest.
    • Understanding compound interest is key to long-term investing.