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Examples of compound interest in a Sentence
Recent Examples on the Web
That's because more time in the market allows your investments longer to grow and take advantage of compound interest.
—Kamaron McNair, CNBC, 1 Nov. 2024
Most lenders use simple interest to calculate payments on a HELOC, rather than compound interest (where interest builds on top of interest).
—Kelsey Neubauer, CNBC, 29 Oct. 2024
Because time is the most powerful driver of returns, especially when combined with the power of compound interest.
—Gianluca Sidoti, Forbes, 21 Oct. 2024
Make sure to start saving for retirement early so your money has more time to grow with the power of compound interest.
—Danielle Chemtob, Forbes, 18 Oct. 2024
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Word History
First Known Use
1660, in the meaning defined above
Time Traveler
The first known use of compound interest was
in 1660
Dictionary Entries Near compound interest
Cite this Entry
“Compound interest.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/compound%20interest. Accessed 25 Nov. 2024.
Kids Definition
compound interest
noun
: interest paid or to be paid both on the principal and on accumulated unpaid interest
Legal Definition
compound interest
see interest sense 5
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