Question

SULULIUI 1
What is "compound interest"?

Answer 1

it's added on to the loan

Explanation:

the other person totally searched it up so you could just done that but if you want a simplified answer here it is

Answer 2

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.

Explanation:

It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.