Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
josh
josh asked in Business & FinanceInvesting · 6 years ago

How to start a compound interest?

I understand what compound interest is and i understand the difference between it and simple interest. I just don t understand how to start "compound interesting"

2 Answers

Relevance
  • ?
    Lv 7
    6 years ago
    Favorite Answer

    You put some money into a bank savings account. They all use the compound interest method, although the interest rate is very low at this time.

  • ?
    6 years ago

    Lol, it's called "compounding interest".

Still have questions? Get your answers by asking now.