What is a compound interest rate?
– A compound interest rate is an interest rate which is applied to the amount with percents, accrued in the previous period. For example, an investor made a deposit of $100 and chose a 100% compound interest rate. The next day the investor gained a profit of 1.5% and his deposit amounted to $101.50. The next day the investor is being accrued percents not from $100, but from $101.50 etc.
