The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest, is called:.

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kristengraw4137 kristengraw4137

11-02-2022
Business

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The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest, is called:.

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ogorwyne ogorwyne · Answer 1 · 2022-02-23T09:55:16+01:00

Compounding is the process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.

What is compounding?

This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.

The initial principal amount and the interest made after a period when added together is regarded as compounding.