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- (banking, finance) Interest, as on a loan or a bank account, that is calculated on the total on the principal plus accumulated unpaid interest.
- 1852 March – 1853 September, Charles Dickens, chapter 1, in Bleak House, London: Bradbury and Evans, […], published 1853, →OCLC:
- […] tens of thousands of other foot passengers have been slipping and sliding since the day broke (if this day ever broke), adding new deposits to the crust upon crust of mud, sticking at those points tenaciously to the pavement, and accumulating at compound interest.
- 2014 , C. Attwood, Compound Interest Functions: Practical Tables Series, Elsevier, →ISBN, page 210:
- Arithmetic books published during the fifteenth and first half of the sixteenth centuries have little to say about interest although the practice of calculating compound interest was old at that time.
interest calculated on principal plus any unpaid interest