sammansatt ränta — meaning in English
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English meaning
- compound interest 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.
Senses
sammansatt ränta is used for these senses in English:
- compound interest (banking, finance) Interest, as on a loan or a bank account, that is calculated on the total on the principal plus accumulated unpaid interest.
compound interest — full definition
- 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.
- noun The general effect by which any quantity that grows on its own accumulated total increases at an accelerating pace. Used figuratively outside finance.
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