compound interest in Telugu

compound interest in Telugu

What does "compound interest" mean?

1. noun Interest worked out not only on the original sum of money but also on the interest already added to it, so that the amount grows by a larger cash figure in each successive period.
   "With compound interest, the balance grew faster in its final five years than in its first fifteen."
2. noun The general effect by which any quantity that grows on its own accumulated total increases at an accelerating pace. Used figuratively outside finance.
   "He described daily practice as compound interest for the brain."

compound interest in a sentence

• With compound interest, the balance grew faster in its final five years than in its first fifteen.
• Credit card debt builds through compound interest, so the amount owed rises on interest already charged.
• He described daily practice as compound interest for the brain.

Common Telugu translations

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