compound interest
Pronunciation
Noun
B1 Intermediate
Quick answer
Interest calculated on both the original amount of money and the interest it has already earned.
Synonyms and antonyms
Antonyms
simple interest
Test yourself
Which word fits the gap? "Thanks to _____, her small monthly savings grew much faster after a few years."
Answer: compound interest
In your own words, what does "compound interest" mean?
Interest calculated on both the original amount of money and the interest it has already earned.
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